First Wilshire Securities Management Inc. Has $8.70 Million Stock Position in Siga Technologies Inc. $SIGA

Key Points

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First Wilshire Securities Management Inc. lessened 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 and Exchange Commission (SEC). The fund owned 1,586,849 shares of the company's stock after selling 787,487 shares during the period. Siga Technologies comprises 2.5% of First Wilshire Securities Management Inc.'s investment portfolio, making the stock its 14th biggest holding. First Wilshire Securities Management Inc. owned 2.22% of Siga Technologies worth $8,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Harbor Capital Advisors Inc. raised its holdings in shares of Siga Technologies by 31.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 222,012 shares of the company's stock worth $1,217,000 after acquiring an additional 53,534 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Siga Technologies by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company's stock worth $12,777,000 after acquiring an additional 217,926 shares during the last quarter. Renaissance Technologies LLC increased its stake in Siga Technologies by 237.7% in the 4th quarter. Renaissance Technologies LLC now owns 417,436 shares of the company's stock valued at $2,509,000 after buying an additional 293,836 shares during the last quarter. Legal & General Group Plc increased its stake in Siga Technologies by 12.6% in the 4th quarter. Legal & General Group Plc now owns 59,944 shares of the company's stock valued at $360,000 after buying an additional 6,704 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in Siga Technologies by 26.1% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 40,005 shares of the company's stock valued at $241,000 after buying an additional 8,290 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Analyst Ratings Changes

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

Siga Technologies Stock Up 4.9%

Siga Technologies stock opened at $8.92 on Tuesday. Siga Technologies Inc. has a twelve month low of $4.95 and a twelve month high of $10.77. The firm has a 50 day moving average price of $7.01 and a 200-day moving average price of $6.25. The company has a market capitalization of $638.76 million, a P/E ratio of 7.89 and a beta of 0.94.

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

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