Investors Purchase High Volume of Call Options on Siga Technologies (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 1,200 call options on the company. This represents an increase of 1,438% compared to the typical daily volume of 78 call options.

Institutional Investors Weigh In On Siga Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its holdings in Siga Technologies by 418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after acquiring an additional 3,349 shares during the period. BNP Paribas Financial Markets lifted its holdings in Siga Technologies by 34.1% in the second quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after acquiring an additional 1,184 shares during the period. CWM LLC lifted its holdings in Siga Technologies by 148.6% in the fourth quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after acquiring an additional 3,005 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Siga Technologies during the 3rd quarter worth $34,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Siga Technologies by 116.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock worth $44,000 after buying an additional 3,669 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

Siga Technologies Stock Performance

Siga Technologies stock opened at $4.31 on Thursday. Siga Technologies has a one year low of $4.29 and a one year high of $9.62. The business has a fifty day moving average of $4.96 and a two-hundred day moving average of $6.05. The company has a market cap of $309.11 million, a P/E ratio of 15.96 and a beta of 0.93.

Siga Technologies (NASDAQ:SIGA) last released its earnings results on Thursday, May 7th. The company reported ($0.05) EPS for the quarter. Siga Technologies had a net margin of 21.58% and a return on equity of 10.60%. The business had revenue of $6.24 million during the quarter.

Siga Technologies Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were issued a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, April 7th.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Siga Technologies presently has an average rating of “Hold”.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.