First Wilshire Securities Management Inc. Acquires 206,445 Shares of Siga Technologies Inc. $SIGA

First Wilshire Securities Management Inc. increased its holdings in Siga Technologies Inc. (NASDAQ:SIGA) by 30.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 890,498 shares of the company’s stock after buying an additional 206,445 shares during the quarter. Siga Technologies comprises approximately 1.1% of First Wilshire Securities Management Inc.’s portfolio, making the stock its 29th largest holding. First Wilshire Securities Management Inc.’s holdings in Siga Technologies were worth $4,764,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Farther Finance Advisors LLC boosted its holdings in Siga Technologies by 418.1% during the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after purchasing an additional 3,349 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Siga Technologies by 34.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares during the period. CWM LLC raised its holdings in shares of Siga Technologies by 148.6% in the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock worth $31,000 after buying an additional 3,005 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Siga Technologies by 116.6% in 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 in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Siga Technologies by 47.0% during the 4th quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock worth $49,000 after buying an additional 2,549 shares during the period. Institutional investors own 55.40% of the company’s stock.

Siga Technologies Stock Performance

SIGA opened at $3.58 on Wednesday. The firm has a market cap of $256.77 million, a price-to-earnings ratio of 13.26 and a beta of 0.96. The firm’s 50-day simple moving average is $4.12 and its 200-day simple moving average is $5.19. Siga Technologies Inc. has a twelve month low of $3.39 and a twelve month high of $9.62.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

Siga Technologies Company Profile

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.