SIGA Technologies (NASDAQ:SIGA) Trading Up 5.3%

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report)'s share price rose 5.3% during mid-day trading on Monday . The company traded as high as $10.77 and last traded at $10.69. Approximately 398,508 shares changed hands during trading, a decline of 43% from the average daily volume of 698,372 shares. The stock had previously closed at $10.15.

SIGA Technologies Stock Performance

The stock has a market cap of $738.97 million, a PE ratio of 10.94 and a beta of 0.95. The company's 50-day moving average price is $7.83 and its 200 day moving average price is $6.17.

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

SIGA Technologies Increases Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SIGA. Bank of New York Mellon Corp lifted its holdings in SIGA Technologies by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 282,824 shares of the company's stock valued at $1,485,000 after purchasing an additional 3,030 shares in the last quarter. General American Investors Co. Inc. boosted its holdings in SIGA Technologies by 152.9% in the 3rd quarter. General American Investors Co. Inc. now owns 971,131 shares of the company's stock worth $5,098,000 after buying an additional 587,123 shares during the period. Principal Financial Group Inc. boosted its holdings in SIGA Technologies by 29.6% in the 3rd quarter. Principal Financial Group Inc. now owns 46,968 shares of the company's stock worth $247,000 after buying an additional 10,719 shares during the period. New York State Common Retirement Fund increased its stake in SIGA Technologies by 24.5% in the 3rd quarter. New York State Common Retirement Fund now owns 379,555 shares of the company's stock worth $1,993,000 after buying an additional 74,777 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in SIGA Technologies during the third quarter valued at about $208,000. 55.40% of the stock is currently 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.