SIGA Technologies (NASDAQ:SIGA) Trading 3.3% Higher

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) was up 3.3% on Monday . The stock traded as high as $9.13 and last traded at $9.10. Approximately 77,809 shares were traded during trading, a decline of 89% from the average daily volume of 687,847 shares. The stock had previously closed at $8.81.

SIGA Technologies Stock Up 0.8 %

The company has a market capitalization of $631.28 million, a P/E ratio of 9.35 and a beta of 0.94. The company has a 50-day moving average of $6.76 and a two-hundred day moving average of $5.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last released its earnings results on Tuesday, March 12th. The company reported $1.01 EPS for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. The business had revenue of $116.48 million for the quarter. As a group, equities analysts expect that SIGA Technologies, Inc. will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

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

Institutional Investors Weigh In On SIGA Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Middle East FZE bought a new stake in SIGA Technologies in the fourth quarter worth $27,000. Tower Research Capital LLC TRC raised its stake in shares of SIGA Technologies by 200.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company's stock worth $45,000 after purchasing an additional 5,309 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its stake in shares of SIGA Technologies by 351.7% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company's stock worth $46,000 after purchasing an additional 6,404 shares during the last quarter. UBS Group AG raised its stake in shares of SIGA Technologies by 30.3% in the second quarter. UBS Group AG now owns 4,596 shares of the company's stock worth $53,000 after purchasing an additional 1,070 shares during the last quarter. Finally, Evergreen Capital Management LLC purchased a new position in shares of SIGA Technologies in the third quarter worth $57,000. 55.40% of the stock is owned by institutional investors.

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.