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

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of some unusual options trading on Wednesday. Stock investors purchased 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the average volume of 78 call options.

Institutional Trading of SIGA Technologies

A number of institutional investors have recently bought and sold shares of SIGA. Intech Investment Management LLC bought a new position in shares of SIGA Technologies in the 3rd quarter worth $120,000. Charles Schwab Investment Management Inc. grew its position in shares of SIGA Technologies by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 507,262 shares of the company’s stock worth $3,424,000 after buying an additional 24,101 shares during the period. Martingale Asset Management L P grew its position in shares of SIGA Technologies by 108.5% during the 3rd quarter. Martingale Asset Management L P now owns 65,415 shares of the company’s stock worth $442,000 after buying an additional 34,035 shares during the period. Centiva Capital LP increased its stake in shares of SIGA Technologies by 195.9% in the 3rd quarter. Centiva Capital LP now owns 41,936 shares of the company’s stock valued at $283,000 after acquiring an additional 27,766 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its position in shares of SIGA Technologies by 152.6% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,048,440 shares of the company’s stock valued at $13,827,000 after acquiring an additional 1,237,620 shares during the period. Institutional investors and hedge funds own 55.40% of the company’s stock.

SIGA Technologies Stock Up 0.4 %

SIGA Technologies stock opened at $5.50 on Thursday. The business’s 50-day simple moving average is $5.81 and its 200 day simple moving average is $6.41. The stock has a market cap of $392.90 million, a price-to-earnings ratio of 4.58 and a beta of 0.98. SIGA Technologies has a 12-month low of $5.16 and a 12-month high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last issued its earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. The company 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%. As a group, sell-side analysts expect that SIGA Technologies will post 1.04 EPS for the current 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.