Siga Technologies Target of Unusually Large Options Trading (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) saw some unusual options trading activity on Wednesday. Investors purchased 1,200 call options on the stock. This is an increase of 1,438% compared to the typical daily volume of 78 call options.

Siga Technologies Stock Performance

Shares of Siga Technologies stock traded down $0.13 during midday trading on Friday, hitting $6.77. 329,296 shares of the company traded hands, compared to its average volume of 718,458. The stock has a market cap of $483.66 million, a price-to-earnings ratio of 10.10 and a beta of 0.94. The firm's fifty day moving average price is $6.20 and its 200-day moving average price is $6.02. Siga Technologies has a 12 month low of $4.95 and a 12 month high of $12.83.

Siga Technologies (NASDAQ:SIGA - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter. Siga Technologies had a return on equity of 25.21% and a net margin of 40.30%. The business had revenue of $7.04 million for the quarter. Equities research analysts forecast that Siga Technologies will post 1.04 earnings per share for the current year.

Institutional Investors Weigh In On Siga Technologies

A number of institutional investors have recently added to or reduced their stakes in SIGA. Bank of New York Mellon Corp grew its holdings 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 acquiring an additional 99,670 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Siga Technologies by 19.0% during the 4th quarter. Victory Capital Management Inc. now owns 308,498 shares of the company's stock worth $1,854,000 after acquiring an additional 49,355 shares during the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Siga Technologies during the 4th quarter worth approximately $422,000. Vestcor Inc bought a new stake in Siga Technologies during the 4th quarter worth approximately $290,000. Finally, Teacher Retirement System of Texas grew its holdings in Siga Technologies by 19.9% during the 4th quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company's stock worth $77,000 after acquiring an additional 2,126 shares during the last quarter. 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.