SIGA Technologies (NASDAQ:SIGA) Shares Gap Down to $7.61

SIGA Technologies, Inc. (NASDAQ:SIGA) gapped down before the market opened on Monday . The stock had previously closed at $7.61, but opened at $7.45. SIGA Technologies shares last traded at $7.50, with a volume of 217,233 shares trading hands.

SIGA Technologies Stock Performance

The company has a market capitalization of $537.67 million, a PE ratio of 6.87 and a beta of 0.95. The business’s 50-day moving average is $8.55 and its 200-day moving average is $6.42.

SIGA Technologies (NASDAQ:SIGA) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 50.48% and a return on equity of 51.97%. The company had revenue of $116.48 million during the quarter. Analysts expect that SIGA Technologies, Inc. will post 1.18 EPS for the current year.

SIGA Technologies Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were given a dividend of $0.60 per share. This is a boost from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of SIGA. Aigen Investment Management LP purchased a new position in SIGA Technologies in the third quarter worth about $99,000. DAVENPORT & Co LLC raised its holdings in SIGA Technologies by 280.0% in the fourth quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company’s stock worth $532,000 after buying an additional 70,000 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in SIGA Technologies by 351.7% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after buying an additional 6,404 shares during the last quarter. Victory Capital Management Inc. raised its holdings in SIGA Technologies by 6.1% in the fourth quarter. Victory Capital Management Inc. now owns 200,589 shares of the company’s stock worth $1,123,000 after buying an additional 11,557 shares during the last quarter. Finally, New York State Common Retirement Fund raised its holdings in SIGA Technologies by 24.5% in the third quarter. New York State Common Retirement Fund now owns 379,555 shares of the company’s stock worth $1,993,000 after buying an additional 74,777 shares during the last quarter. 55.40% of the stock is owned by hedge funds and other institutional investors.

SIGA Technologies Company Profile

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.