SIGA Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

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

SIGA Technologies Price Performance

SIGA opened at $8.51 on Thursday. The firm’s fifty day moving average price is $6.92 and its 200 day moving average price is $5.87. SIGA Technologies has a 12-month low of $4.22 and a 12-month high of $10.00. The stock has a market capitalization of $604.99 million, a PE ratio of 8.96 and a beta of 0.94.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. The firm had revenue of $116.48 million for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. On average, equities research analysts forecast that SIGA Technologies will post 1.22 earnings per share for the current fiscal year.

SIGA Technologies Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were paid a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 25th. This is an increase from SIGA Technologies’s previous dividend of $0.45.

Hedge Funds Weigh In On SIGA Technologies

Hedge funds have recently modified their holdings of the stock. Point72 Middle East FZE purchased a new position in SIGA Technologies in the fourth quarter valued at about $27,000. UBS Group AG lifted its position in shares of SIGA Technologies by 30.3% during the 2nd quarter. UBS Group AG now owns 4,596 shares of the company’s stock worth $53,000 after purchasing an additional 1,070 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in SIGA Technologies by 200.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after acquiring an additional 5,309 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in SIGA Technologies by 351.7% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock valued at $46,000 after acquiring an additional 6,404 shares in the last quarter. Finally, Steward Partners Investment Solutions LLC acquired a new position in SIGA Technologies in the 4th quarter valued at approximately $58,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

About SIGA Technologies

SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security related markets in the United States. Its lead product is TPOXX, an oral formulation antiviral drug for the treatment of human smallpox disease caused by variola virus. The company was incorporated in 1995 and is headquartered in New York, New York.