Bank of America Corp DE Sells 367,682 Shares of SIGA Technologies, Inc. (NASDAQ:SIGA)

Bank of America Corp DE trimmed its position in shares of SIGA Technologies, Inc. (NASDAQ:SIGA - Free Report) by 93.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,220 shares of the company's stock after selling 367,682 shares during the quarter. Bank of America Corp DE's holdings in SIGA Technologies were worth $164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SIGA. Principal Financial Group Inc. raised its stake in SIGA Technologies by 8.1% during the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock worth $144,000 after buying an additional 1,784 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of SIGA Technologies by 19.9% in the fourth quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company's stock worth $77,000 after acquiring an additional 2,126 shares in the last quarter. Bailard Inc. raised its position in shares of SIGA Technologies by 31.5% during the fourth quarter. Bailard Inc. now owns 18,800 shares of the company's stock worth $113,000 after purchasing an additional 4,500 shares during the period. Wells Fargo & Company MN raised its position in shares of SIGA Technologies by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 23,604 shares of the company's stock worth $142,000 after purchasing an additional 5,400 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of SIGA Technologies by 12.6% during the 4th quarter. Legal & General Group Plc now owns 59,944 shares of the company's stock valued at $360,000 after purchasing an additional 6,704 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

SIGA Technologies Stock Performance

Shares of SIGA opened at $6.36 on Monday. The stock has a 50 day simple moving average of $5.98 and a 200 day simple moving average of $5.99. SIGA Technologies, Inc. has a 52-week low of $4.95 and a 52-week high of $12.83. The firm has a market capitalization of $454.36 million, a PE ratio of 5.30 and a beta of 0.93.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $7.04 million during the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. Equities research analysts predict that SIGA Technologies, Inc. will post 1.04 EPS for the current fiscal year.

SIGA Technologies Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a $0.60 dividend. The ex-dividend date was Tuesday, April 29th.

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.

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