SIGA Technologies (NASDAQ:SIGA) Reaches New 1-Year High at $10.17

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as $10.17 and last traded at $10.06, with a volume of 727630 shares changing hands. The stock had previously closed at $9.44.

SIGA Technologies Trading Up 7.5 %

The business has a 50-day moving average price of $7.74 and a two-hundred day moving average price of $6.12. The stock has a market capitalization of $721.87 million, a P/E ratio of 10.63 and a beta of 0.95.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share (EPS) for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The firm had revenue of $116.48 million during the quarter. On average, sell-side analysts forecast that SIGA Technologies, Inc. will post 1.22 earnings per share for the current fiscal year.

SIGA Technologies Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were given a dividend of $0.60 per share. This is a boost from SIGA Technologies's previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its position in shares of SIGA Technologies by 297.7% during the 1st quarter. BNP Paribas Financial Markets now owns 59,053 shares of the company's stock valued at $505,000 after buying an additional 44,205 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of SIGA Technologies by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company's stock worth $450,000 after acquiring an additional 5,468 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its stake in shares of SIGA Technologies by 15.0% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 13,000 shares of the company's stock valued at $114,000 after purchasing an additional 1,700 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in SIGA Technologies by 66.1% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 13,660 shares of the company's stock worth $125,000 after purchasing an additional 5,435 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of SIGA Technologies by 200.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company's stock valued at $45,000 after buying an additional 5,309 shares during the period. Institutional investors own 55.40% of the company's stock.

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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