SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report)'s stock price rose 3.8% during trading on Tuesday . The stock traded as high as $9.12 and last traded at $9.12. Approximately 137,037 shares were traded during mid-day trading, a decline of 78% from the average daily volume of 628,808 shares. The stock had previously closed at $8.79.
SIGA Technologies Trading Up 9.8 %
The stock has a market capitalization of $686.02 million, a PE ratio of 10.16 and a beta of 0.94. The firm has a 50 day moving average price of $5.90 and a 200 day moving average price of $5.52.
SIGA Technologies Increases Dividend
The company also recently announced a dividend, which will be paid on Thursday, April 11th. Investors of record on Tuesday, March 26th will be issued a $0.60 dividend. This is a positive change from SIGA Technologies's previous dividend of $0.45. The ex-dividend date of this dividend is Monday, March 25th.
Institutional Investors Weigh In On SIGA Technologies
Several institutional investors and hedge funds have recently modified their holdings of the stock. Point72 Middle East FZE bought a new stake in SIGA Technologies in the 4th quarter valued at $27,000. Tower Research Capital LLC TRC lifted its stake in shares of SIGA Technologies by 200.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company's stock valued at $45,000 after purchasing an additional 5,309 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of SIGA Technologies by 351.7% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company's stock valued at $46,000 after purchasing an additional 6,404 shares during the last quarter. UBS Group AG increased its position in shares of SIGA Technologies by 30.3% during the 2nd quarter. UBS Group AG now owns 4,596 shares of the company's stock valued at $53,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new stake in SIGA Technologies during the 3rd quarter valued at $57,000. Institutional investors own 55.40% of the company's stock.
About SIGA Technologies
(
Get Free Report)
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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