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

Key Points

• On Wednesday, Siga Technologies (NASDAQ: SIGA) experienced a significant spike in options trading, with a purchase of 1,200 call options, marking an increase of 1,438% from its average daily volume.
• Wall Street analysts upgraded Siga Technologies' rating from "hold" to "strong-buy", indicating positive sentiment regarding the company's future prospects.
• Siga Technologies reported a quarterly EPS of $0.49 and revenues of $81.12 million, showcasing strong financial performance with a net margin of 45.73%.

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

Wall Street Analysts Forecast Growth

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 Price Performance

Shares of Siga Technologies stock opened at $9.23 on Thursday. The company's fifty day simple moving average is $8.42 and its 200-day simple moving average is $6.90. The stock has a market capitalization of $660.96 million, a PE ratio of 8.17 and a beta of 0.96. Siga Technologies has a 1-year low of $4.95 and a 1-year high of $9.62.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.49 EPS for the quarter. The firm 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%. As a group, research analysts anticipate that Siga Technologies will post 1.04 EPS for the current year.

Institutional Trading of Siga Technologies

A number of large investors have recently made changes to their positions in SIGA. Harbor Capital Advisors Inc. boosted its position in Siga Technologies by 31.8% in the 1st quarter. Harbor Capital Advisors Inc. now owns 222,012 shares of the company's stock valued at $1,217,000 after buying an additional 53,534 shares during the period. Wellington Management Group LLP boosted 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 valued at $999,000 after buying an additional 62,103 shares during the period. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of 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 valued at $17,308,000 after purchasing an additional 1,093,080 shares in the last quarter. Nuveen LLC bought a new stake in shares of Siga Technologies in the 1st quarter valued at about $815,000. Finally, American Century Companies Inc. raised its holdings 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 purchasing an additional 98,688 shares in the last quarter. 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.

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