SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report)'s stock price was down 4.1% during mid-day trading on Thursday . The company traded as low as $9.30 and last traded at $9.50. Approximately 550,904 shares were traded during mid-day trading, a decline of 18% from the average daily volume of 674,035 shares. The stock had previously closed at $9.91.
SIGA Technologies Price Performance
The stock has a 50 day moving average price of $6.16 and a 200-day moving average price of $5.61. The stock has a market capitalization of $637.68 million, a price-to-earnings ratio of 9.44 and a beta of 0.94.
SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. The company had revenue of $116.48 million during the quarter. As a group, research analysts forecast that SIGA Technologies, Inc. will post 1.22 earnings per share for the current year.
SIGA Technologies Increases Dividend
The firm also recently declared a dividend, which will be paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th will be paid a $0.60 dividend. The ex-dividend date is Monday, March 25th. This is a positive change from SIGA Technologies's previous dividend of $0.45.
Hedge Funds Weigh In On SIGA Technologies
Several hedge funds have recently bought and sold shares of SIGA. Swiss National Bank raised its position in SIGA Technologies by 6.1% in the 1st quarter. Swiss National Bank now owns 105,100 shares of the company's stock valued at $745,000 after purchasing an additional 6,000 shares in the last quarter. Bank of New York Mellon Corp grew its stake in SIGA Technologies by 2.1% during the 1st quarter. Bank of New York Mellon Corp now owns 225,277 shares of the company's stock worth $1,598,000 after buying an additional 4,555 shares during the last quarter. American Century Companies Inc. lifted its position in SIGA Technologies by 39.1% during the 1st quarter. American Century Companies Inc. now owns 87,308 shares of the company's stock worth $619,000 after acquiring an additional 24,550 shares during the period. MetLife Investment Management LLC lifted its position in SIGA Technologies by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 28,561 shares of the company's stock worth $202,000 after acquiring an additional 10,222 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in SIGA Technologies by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 952,634 shares of the company's stock worth $6,755,000 after acquiring an additional 44,801 shares during the period. Institutional investors and hedge funds own 55.40% of the company's stock.
SIGA Technologies Company Profile
(
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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