Wellington Management Group LLP Purchases 62,103 Shares of Siga Technologies Inc. $SIGA

Key Points

• Wellington Management Group LLP increased its stake in Siga Technologies Inc. by 51.7% in the first quarter, acquiring an additional 62,103 shares, bringing its total holdings to 182,328 shares valued at approximately $999,000.
• More than 55% of Siga Technologies' stock is owned by institutional investors, with several firms increasing their positions significantly during the last quarter.
• Siga Technologies reported a quarterly earnings per share (EPS) of $0.49 with a return on equity of 40.52%, while analysts project a total EPS of 1.04 for the current fiscal year.

Wellington Management Group LLP raised its holdings in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 51.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 182,328 shares of the company's stock after acquiring an additional 62,103 shares during the quarter. Wellington Management Group LLP owned about 0.26% of Siga Technologies worth $999,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. American Century Companies Inc. raised its position in shares of Siga Technologies by 7.8% in the 1st quarter. American Century Companies Inc. now owns 1,370,660 shares of the company's stock valued at $7,511,000 after acquiring an additional 98,688 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Siga Technologies by 6,344.8% in the first 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 period. Nuveen LLC bought a new stake in shares of Siga Technologies during the first quarter valued at approximately $815,000. Corton Capital Inc. bought a new stake in Siga Technologies during the first quarter worth $58,000. Finally, Denali Advisors LLC grew its stake in shares of Siga Technologies by 3.2% during the 1st quarter. Denali Advisors LLC now owns 390,530 shares of the company's stock worth $2,140,000 after acquiring an additional 11,986 shares during the period. 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 Down 1.6%

Shares of SIGA traded down $0.14 during mid-day trading on Friday, reaching $8.35. The company had a trading volume of 76,185 shares, compared to its average volume of 476,641. The stock has a market capitalization of $597.94 million, a P/E ratio of 7.39 and a beta of 0.95. The stock has a 50 day moving average of $7.59 and a two-hundred day moving average of $6.48. Siga Technologies Inc. has a 52-week low of $4.95 and a 52-week high of $9.62.

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