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

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SIGA Technologies, Inc. (NASDAQ: SIGAGet a rating) was the target of unusually large options trades on Wednesday. Stock traders bought 1,200 call options on the company. This represents a 1,438% increase from the typical volume of 78 call options.

Shares of Stock SIGA Technologies opened at $7.23 on Thursday. The company has a 50-day moving average of $6.92 and a 200-day moving average of $7.13. SIGA Technologies has a 12-month low of $5.66 and a 12-month high of $9.82. The stock has a market capitalization of $523.50 million, a price-earnings ratio of 7.86 and a beta of 0.50.

SIGA Technologies (NASDAQ: SIGAGet a rating) last announced its results on Thursday, March 3. The company reported EPS of $0.98 for the quarter. SIGA Technologies achieved a return on equity of 53.39% and a net margin of 51.94%. The company had revenue of $115.40 million in the quarter. Equity research analysts expect SIGA Technologies to post EPS of 0.64 for the current year.

SIGA has been the subject of a number of research analyst reports. TheStreet upgraded SIGA Technologies from a “c+” rating to a “b” rating in a Monday, April 18 report. Zacks Investment Research upgraded SIGA Technologies from a “buy” rating to a “hold” rating in a Thursday, Jan. 6, report.

A number of hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in SIGA Technologies by 4.2% in the third quarter. BlackRock Inc. now owns 4,097,003 shares of the company valued at $30,277,000 after purchasing an additional 164,097 shares last quarter. Dimensional Fund Advisors LP increased its position in SIGA Technologies shares by 13.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 907,833 shares of the company worth $6,827,000 after acquiring an additional 105,566 shares in the last quarter. Renaissance Technologies LLC increased its position in SIGA Technologies shares by 44.9% during the 4th quarter. Renaissance Technologies LLC now owns 893,504 shares of the company worth $6,719,000 after acquiring an additional 276,814 shares in the last quarter. Legato Capital Management LLC increased its position in SIGA Technologies shares by 21.9% during the third quarter. Legato Capital Management LLC now owns 542,010 shares of the company worth $4,005,000 after acquiring an additional 97,220 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of SIGA Technologies during the 3rd quarter with a value of approximately $3,458,000. 34.52% of the shares are currently held by institutional investors.

Company Profile SIGA Technologies (Get a rating)

SIGA Technologies, Inc., a commercial-stage pharmaceutical company, is focused on the United States health security and infectious disease markets. Its lead product is TPOXX, an orally formulated antiviral drug for the treatment of human smallpox caused by variola virus. SIGA Technologies, Inc has entered into a strategic partnership with Cipla Therapeutics to provide sustained innovation and access to antibacterial drugs primarily against biothreats.

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