First Wilshire Securities Management Inc. Reduces Holdings in Siga Technologies Inc. $SIGA

Key Points

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First Wilshire Securities Management Inc. reduced its holdings in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 33.2% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,586,849 shares of the company's stock after selling 787,487 shares during the quarter. Siga Technologies accounts for about 2.5% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 14th largest position. First Wilshire Securities Management Inc. owned 2.22% of Siga Technologies worth $8,696,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in SIGA. Russell Investments Group Ltd. increased its stake in Siga Technologies by 6,344.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company's stock worth $54,000 after acquiring an additional 9,771 shares during the last quarter. Corton Capital Inc. bought a new position in Siga Technologies in the 1st quarter worth about $58,000. Sherbrooke Park Advisers LLC bought a new position in Siga Technologies in the 4th quarter worth about $83,000. EP Wealth Advisors LLC increased its stake in Siga Technologies by 14.5% in the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company's stock worth $83,000 after acquiring an additional 1,755 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Siga Technologies by 26.6% in the 4th quarter. ProShare Advisors LLC now owns 16,424 shares of the company's stock worth $99,000 after acquiring an additional 3,455 shares during the last quarter. 55.40% of the stock is currently owned by institutional investors.

Siga Technologies Trading Up 4.3%

Shares of SIGA traded up $0.38 during midday trading on Friday, reaching $9.13. The stock had a trading volume of 861,154 shares, compared to its average volume of 657,347. The company's 50-day moving average is $7.21 and its 200 day moving average is $6.33. Siga Technologies Inc. has a 12-month low of $4.95 and a 12-month high of $9.80. The company has a market capitalization of $653.80 million, a price-to-earnings ratio of 8.08 and a beta of 0.94.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.49 earnings per share (EPS) for the quarter. Siga Technologies had a return on equity of 40.52% and a net margin of 45.73%.The firm had revenue of $81.12 million during the quarter. Research analysts forecast that Siga Technologies Inc. will post 1.04 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Siga Technologies from a "hold" rating to a "strong-buy" rating in a research note on Saturday, August 9th.

Siga Technologies 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.