Arrowstreet Capital Limited Partnership Sells 375,059 Shares of SIGA Technologies, Inc. (NASDAQ:SIGA)

Arrowstreet Capital Limited Partnership lessened its stake in SIGA Technologies, Inc. (NASDAQ:SIGA - Free Report) by 46.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 431,773 shares of the company's stock after selling 375,059 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.60% of SIGA Technologies worth $2,595,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SIGA. Denali Advisors LLC boosted its stake in SIGA Technologies by 58.3% during the 4th quarter. Denali Advisors LLC now owns 378,544 shares of the company's stock worth $2,275,000 after acquiring an additional 139,354 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of SIGA Technologies by 9.9% in the 4th quarter. American Century Companies Inc. now owns 1,271,972 shares of the company's stock valued at $7,645,000 after buying an additional 114,270 shares during the period. Wellington Management Group LLP bought a new stake in shares of SIGA Technologies in the 3rd quarter valued at $757,000. Bank of New York Mellon Corp raised its stake in SIGA Technologies by 52.4% during the 4th quarter. Bank of New York Mellon Corp now owns 289,712 shares of the company's stock worth $1,741,000 after buying an additional 99,670 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in SIGA Technologies by 19.1% during the fourth quarter. New York State Common Retirement Fund now owns 589,620 shares of the company's stock worth $3,544,000 after acquiring an additional 94,490 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

SIGA Technologies Stock Performance

NASDAQ:SIGA traded down $0.01 on Tuesday, reaching $6.14. The company's stock had a trading volume of 99,540 shares, compared to its average volume of 776,924. The firm has a market cap of $438.48 million, a PE ratio of 5.10 and a beta of 1.03. The business's 50-day moving average price is $5.75 and its two-hundred day moving average price is $6.27. SIGA Technologies, Inc. has a 1-year low of $4.95 and a 1-year high of $12.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last posted its earnings results on Tuesday, March 11th. The company reported $0.63 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The business had revenue of $81.40 million during the quarter. As a group, sell-side analysts expect that SIGA Technologies, Inc. will post 1.04 EPS for the current year.

SIGA Technologies Announces Dividend

The business also recently disclosed a special dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 29th will be given a $0.60 dividend. The ex-dividend date is Tuesday, April 29th.

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.