Nuveen LLC Makes New $815,000 Investment in Siga Technologies Inc. $SIGA

Nuveen LLC bought a new stake in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 148,721 shares of the company's stock, valued at approximately $815,000. Nuveen LLC owned approximately 0.21% of Siga Technologies as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP lifted its holdings in Siga Technologies by 11.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company's stock valued at $12,777,000 after purchasing an additional 217,926 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Siga Technologies by 6.0% during the fourth quarter. Northern Trust Corp now owns 464,808 shares of the company's stock worth $2,793,000 after buying an additional 26,344 shares in the last quarter. Foundry Partners LLC increased its holdings in shares of Siga Technologies by 1.4% during the first quarter. Foundry Partners LLC now owns 447,783 shares of the company's stock worth $2,454,000 after buying an additional 6,054 shares in the last quarter. Denali Advisors LLC raised its stake in shares of Siga Technologies by 3.2% in the first quarter. Denali Advisors LLC now owns 390,530 shares of the company's stock valued at $2,140,000 after acquiring an additional 11,986 shares during the last quarter. Finally, Harbor Capital Advisors Inc. boosted 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 in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Analyst Upgrades and Downgrades

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

Siga Technologies Stock Performance

SIGA traded down $0.07 during midday trading on Friday, hitting $8.42. The company had a trading volume of 383,355 shares, compared to its average volume of 563,494. Siga Technologies Inc. has a twelve month low of $4.95 and a twelve month high of $9.62. The company has a market capitalization of $602.96 million, a PE ratio of 7.45 and a beta of 0.94. The firm's 50-day simple moving average is $7.63 and its 200-day simple moving average is $6.50.

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

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.