Siga Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) saw unusually large options trading activity on Wednesday. Stock investors acquired 1,200 call options on the company. This is an increase of 1,438% compared to the average daily volume of 78 call options.

Siga Technologies Stock Performance

Shares of NASDAQ:SIGA traded down $0.10 during trading on Friday, reaching $6.46. The company had a trading volume of 915,801 shares, compared to its average volume of 721,807. The firm's fifty day moving average is $6.06 and its 200 day moving average is $5.97. The firm has a market capitalization of $461.50 million, a PE ratio of 9.64 and a beta of 0.93. Siga Technologies has a twelve month low of $4.95 and a twelve month high of $12.83.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $7.04 million during the quarter. Siga Technologies had a return on equity of 25.21% and a net margin of 40.30%. Equities analysts predict that Siga Technologies will post 1.04 earnings per share for the current fiscal year.

Siga Technologies Dividend Announcement

The firm also recently announced a special dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were issued a $0.60 dividend. The ex-dividend date was Tuesday, April 29th.

Institutional Trading of Siga Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new stake in shares of Siga Technologies during the first quarter valued at approximately $165,000. Jane Street Group LLC raised its holdings in shares of Siga Technologies by 138.4% during the first quarter. Jane Street Group LLC now owns 114,147 shares of the company's stock valued at $626,000 after acquiring an additional 66,265 shares during the period. Uniplan Investment Counsel Inc. raised its holdings in shares of Siga Technologies by 0.7% during the first quarter. Uniplan Investment Counsel Inc. now owns 504,561 shares of the company's stock valued at $2,765,000 after acquiring an additional 3,572 shares during the period. EP Wealth Advisors LLC raised its holdings in shares of Siga Technologies by 44.1% during the first quarter. EP Wealth Advisors LLC now owns 20,018 shares of the company's stock valued at $110,000 after acquiring an additional 6,131 shares during the period. Finally, State of Wyoming raised its holdings in shares of Siga Technologies by 90.9% during the first quarter. State of Wyoming now owns 87,203 shares of the company's stock valued at $478,000 after acquiring an additional 41,535 shares during the period. 55.40% of the stock is currently owned by institutional investors.

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.