State of Wyoming Boosts Stake in Siga Technologies Inc. $SIGA

Key Points

• The State of Wyoming increased its stake in Siga Technologies Inc. by 90.9% during the first quarter, now owning 87,203 shares valued at approximately $478,000.
• A number of institutional investors also boosted their positions in Siga Technologies during the same period, with Russell Investments Group raising its stake by an astonishing 6,344.8%.
• Siga Technologies has a current market capitalization of $600.81 million and reported earnings of $0.49 EPS with revenues of $81.12 million for the latest quarter.

State of Wyoming raised its position in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 90.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,203 shares of the company's stock after purchasing an additional 41,535 shares during the quarter. State of Wyoming owned 0.12% of Siga Technologies worth $478,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC raised its position in Siga Technologies by 52.9% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company's stock worth $17,308,000 after purchasing an additional 1,093,080 shares during the period. Martingale Asset Management L P raised its position in Siga Technologies by 3.2% in the 1st quarter. Martingale Asset Management L P now owns 86,157 shares of the company's stock worth $472,000 after purchasing an additional 2,684 shares during the period. Wellington Management Group LLP raised its position in Siga Technologies by 51.7% in the 1st quarter. Wellington Management Group LLP now owns 182,328 shares of the company's stock worth $999,000 after purchasing an additional 62,103 shares during the period. American Century Companies Inc. raised its position in Siga Technologies by 7.8% in the 1st quarter. American Century Companies Inc. now owns 1,370,660 shares of the company's stock worth $7,511,000 after purchasing an additional 98,688 shares during the period. Finally, Russell Investments Group Ltd. raised its position 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 purchasing an additional 9,771 shares during the period. 55.40% of the stock is owned by hedge funds and other institutional investors.

Siga Technologies Price Performance

Shares of SIGA stock opened at $8.39 on Friday. The company has a market capitalization of $600.81 million, a P/E ratio of 7.42 and a beta of 0.94. The company's 50-day simple moving average is $7.42 and its two-hundred day simple moving average is $6.41. Siga Technologies Inc. has a one year low of $4.95 and a one year high of $9.62.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last issued its earnings results on Tuesday, August 5th. The company reported $0.49 EPS for the quarter. The business 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%. On average, research analysts expect that Siga Technologies Inc. will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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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