First Wilshire Securities Management Inc. Has $4.76 Million Stock Holdings in Siga Technologies Inc. $SIGA

First Wilshire Securities Management Inc. boosted its holdings in shares of Siga Technologies Inc. (NASDAQ:SIGA) by 30.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 890,498 shares of the company’s stock after purchasing an additional 206,445 shares during the quarter. Siga Technologies comprises approximately 1.1% of First Wilshire Securities Management Inc.’s holdings, making the stock its 29th largest position. First Wilshire Securities Management Inc. owned about 1.24% of Siga Technologies worth $4,764,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in SIGA. Farther Finance Advisors LLC grew its stake in shares of Siga Technologies by 418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock worth $25,000 after acquiring an additional 3,349 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Siga Technologies by 34.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares during the last quarter. CWM LLC raised its stake in Siga Technologies by 148.6% during the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after purchasing an additional 3,005 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Siga Technologies by 116.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after purchasing an additional 3,669 shares during the period. Finally, Parallel Advisors LLC boosted its holdings in Siga Technologies by 47.0% in the 4th quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock valued at $49,000 after purchasing an additional 2,549 shares during the period. 55.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

Siga Technologies Trading Up 2.9%

Shares of SIGA stock opened at $3.58 on Wednesday. The stock has a 50 day moving average of $4.12 and a two-hundred day moving average of $5.19. Siga Technologies Inc. has a 12 month low of $3.39 and a 12 month high of $9.62. The company has a market capitalization of $256.77 million, a P/E ratio of 13.26 and a beta of 0.96.

Siga Technologies (NASDAQ:SIGA) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share (EPS) for the quarter. The firm had revenue of $6.24 million for the quarter. Siga Technologies had a net margin of 21.58% and a return on equity of 10.60%.

About Siga Technologies

Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.

Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.