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 stake in Siga Technologies Inc. (NASDAQ:SIGA - Free Report) by 51.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182,328 shares of the company's stock after purchasing 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.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Russell Investments Group Ltd. grew its position in shares of 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 in the last quarter. Corton Capital Inc. bought a new stake in Siga Technologies in the first quarter worth about $58,000. EP Wealth Advisors LLC grew its holdings in shares of 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. Sherbrooke Park Advisers LLC acquired a new stake in shares of Siga Technologies during the fourth quarter valued at approximately $83,000. Finally, ProShare Advisors LLC lifted 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 in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

Siga Technologies Price Performance

Shares of Siga Technologies stock traded down $0.17 during trading on Thursday, hitting $8.44. 230,050 shares of the company were exchanged, compared to its average volume of 477,171. Siga Technologies Inc. has a 1-year low of $4.95 and a 1-year high of $9.62. The firm's fifty day moving average price is $7.55 and its 200 day moving average price is $6.46. The firm has a market capitalization of $604.35 million, a P/E ratio of 7.47 and a beta of 0.95.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last announced 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 company had revenue of $81.12 million for the quarter. As a group, equities research analysts anticipate that Siga Technologies Inc. will post 1.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised 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.