Investors Buy High Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

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

Hedge Funds Weigh In On SIGA Technologies

A number of hedge funds have recently bought and sold shares of SIGA. Hotchkis & Wiley Capital Management LLC lifted its holdings in SIGA Technologies by 152.6% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock worth $13,827,000 after buying an additional 1,237,620 shares during the last quarter. Foundry Partners LLC bought a new position in SIGA Technologies during the third quarter worth $2,801,000. AltraVue Capital LLC lifted its stake in SIGA Technologies by 14.1% during the fourth quarter. AltraVue Capital LLC now owns 2,639,524 shares of the company’s stock worth $15,864,000 after purchasing an additional 326,630 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in SIGA Technologies by 237.7% in the fourth quarter. Renaissance Technologies LLC now owns 417,436 shares of the company’s stock worth $2,509,000 after purchasing an additional 293,836 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in SIGA Technologies by 11.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company’s stock valued at $12,777,000 after purchasing an additional 217,926 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors and hedge funds.

SIGA Technologies Stock Down 0.3 %

Shares of SIGA opened at $5.74 on Thursday. SIGA Technologies has a 52-week low of $5.16 and a 52-week high of $12.83. The firm has a market cap of $410.05 million, a price-to-earnings ratio of 4.78 and a beta of 0.98. The business’s 50 day moving average is $5.94 and its two-hundred day moving average is $6.57.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. The firm had revenue of $81.40 million for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. On average, equities analysts expect that SIGA Technologies will post 1.04 earnings per share for the current fiscal year.

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.