Investors Buy Large Volume of Call Options on Siga Technologies (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) saw some unusual options trading on Wednesday. Stock traders purchased 1,200 call options on the company. This represents an increase of approximately 1,438% compared to the average daily volume of 78 call options.

Siga Technologies Stock Up 0.6%

SIGA opened at $6.44 on Thursday. The stock has a fifty day moving average of $6.03 and a 200-day moving average of $5.98. The firm has a market capitalization of $460.07 million, a P/E ratio of 9.61 and a beta of 0.93. Siga Technologies has a 12-month low of $4.95 and a 12-month high of $12.83.

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

Siga Technologies Announces Dividend

The company also recently disclosed a special dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 29th were given a dividend of $0.60 per share. The ex-dividend date of this dividend was Tuesday, April 29th.

Hedge Funds Weigh In On Siga Technologies

Several hedge funds have recently bought and sold shares of SIGA. Russell Investments Group Ltd. grew its position 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 valued at $54,000 after purchasing an additional 9,771 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Siga Technologies in the 1st quarter valued at approximately $58,000. Teacher Retirement System of Texas grew its stake in shares of Siga Technologies by 19.9% in the 4th quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company's stock valued at $77,000 after purchasing an additional 2,126 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Siga Technologies in the 4th quarter valued at approximately $78,000. Finally, EP Wealth Advisors LLC raised its stake in shares of Siga Technologies by 14.5% in the fourth quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company's stock valued at $83,000 after acquiring an additional 1,755 shares during the last quarter. 55.40% of the stock is owned by institutional investors and hedge funds.

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.

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