SIGA Technologies (NASDAQ:SIGA) Shares Gap Down to $7.61

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report)'s stock price gapped down prior to trading on Monday . The stock had previously closed at $7.61, but opened at $7.45. SIGA Technologies shares last traded at $7.50, with a volume of 217,233 shares traded.

SIGA Technologies Price Performance

The business has a fifty day moving average of $8.51 and a 200 day moving average of $6.40. The stock has a market cap of $536.96 million, a price-to-earnings ratio of 6.86 and a beta of 0.95.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. SIGA Technologies had a return on equity of 51.97% and a net margin of 50.48%. The firm had revenue of $116.48 million for the quarter. On average, analysts expect that SIGA Technologies, Inc. will post 1.18 EPS for the current year.

SIGA Technologies Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a $0.60 dividend. The ex-dividend date was Monday, March 25th. This is an increase from SIGA Technologies's previous dividend of $0.45.

Hedge Funds Weigh In On SIGA Technologies

A number of hedge funds have recently added to or reduced their stakes in SIGA. First Wilshire Securities Management Inc. grew its holdings in SIGA Technologies by 43.9% during the third quarter. First Wilshire Securities Management Inc. now owns 2,065,012 shares of the company's stock valued at $10,841,000 after purchasing an additional 630,125 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its holdings in SIGA Technologies by 453.4% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company's stock valued at $1,226,000 after purchasing an additional 179,388 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in SIGA Technologies during the first quarter valued at approximately $1,367,000. New York State Common Retirement Fund grew its holdings in SIGA Technologies by 24.5% during the third quarter. New York State Common Retirement Fund now owns 379,555 shares of the company's stock valued at $1,993,000 after purchasing an additional 74,777 shares during the last quarter. Finally, DAVENPORT & Co LLC grew its holdings in SIGA Technologies by 280.0% during the fourth quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company's stock valued at $532,000 after purchasing an additional 70,000 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

SIGA Technologies Company 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.