Stock Traders Purchase High Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw unusually large options trading on Wednesday. Stock traders bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Stock Up 0.9 %

NASDAQ:SIGA opened at $6.80 on Thursday. The business’s 50 day moving average is $8.16 and its two-hundred day moving average is $8.28. SIGA Technologies has a 52 week low of $4.26 and a 52 week high of $12.83. The company has a market cap of $483.64 million, a PE ratio of 6.18 and a beta of 0.90.

SIGA Technologies (NASDAQ:SIGA) last released its earnings results on Thursday, August 1st. The company reported $0.03 EPS for the quarter. The company had revenue of $21.81 million for the quarter. SIGA Technologies had a return on equity of 51.40% and a net margin of 48.55%. During the same period in the prior year, the business earned ($0.04) EPS. As a group, sell-side analysts expect that SIGA Technologies will post 1.01 EPS for the current fiscal year.

Institutional Trading of SIGA Technologies

Several hedge funds have recently made changes to their positions in the stock. Onyx Bridge Wealth Group LLC lifted its holdings in shares of SIGA Technologies by 15.0% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 13,000 shares of the company’s stock worth $114,000 after purchasing an additional 1,700 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of SIGA Technologies by 8.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company’s stock worth $250,000 after purchasing an additional 2,218 shares during the last quarter. Rhumbline Advisers lifted its holdings in shares of SIGA Technologies by 4.2% in the 2nd quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock worth $531,000 after purchasing an additional 2,851 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its holdings in shares of SIGA Technologies by 27.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,871 shares of the company’s stock worth $120,000 after purchasing an additional 3,370 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of SIGA Technologies by 38.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock worth $104,000 after purchasing an additional 3,829 shares during the last quarter. Institutional investors own 55.40% of the company’s stock.

About SIGA Technologies

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.