SIGA Technologies Target of Unusually High Options Trading (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading activity on Wednesday. Stock investors bought 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SIGA. Victory Capital Management Inc. raised its position in shares of SIGA Technologies by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 200,589 shares of the company’s stock valued at $1,123,000 after buying an additional 11,557 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in shares of SIGA Technologies by 23.0% during the 4th quarter. Principal Financial Group Inc. now owns 57,781 shares of the company’s stock worth $324,000 after purchasing an additional 10,813 shares during the last quarter. First Wilshire Securities Management Inc. boosted its holdings in shares of SIGA Technologies by 14.4% during the 4th quarter. First Wilshire Securities Management Inc. now owns 2,362,107 shares of the company’s stock worth $13,228,000 after purchasing an additional 297,095 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its position in shares of SIGA Technologies by 453.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after purchasing an additional 179,388 shares in the last quarter. Finally, Steward Partners Investment Solutions LLC acquired a new stake in shares of SIGA Technologies in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 55.40% of the company’s stock.

SIGA Technologies Stock Up 1.7 %

SIGA opened at $7.85 on Thursday. The company has a market cap of $560.25 million, a PE ratio of 7.14 and a beta of 0.91. SIGA Technologies has a twelve month low of $4.22 and a twelve month high of $12.83. The company has a 50-day moving average price of $9.03 and a 200 day moving average price of $8.09.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $21.81 million during the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. During the same quarter last year, the firm posted ($0.04) earnings per share. As a group, sell-side analysts expect that SIGA Technologies will post 1.01 earnings per share for the current year.

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.