Siga Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders acquired 1,200 call options on the company. This represents an increase of 1,438% compared to the average volume of 78 call options.

Siga Technologies Trading Up 1.9%

SIGA opened at $6.90 on Thursday. The firm has a market capitalization of $492.94 million, a PE ratio of 10.30 and a beta of 0.94. Siga Technologies has a twelve month low of $4.95 and a twelve month high of $12.83. The firm's 50-day moving average price is $6.15 and its 200 day moving average price is $6.01.

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

Hedge Funds Weigh In On Siga Technologies

Several institutional investors and hedge funds have recently bought and sold shares of SIGA. Bank of New York Mellon Corp boosted its position in shares of 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 purchasing an additional 99,670 shares during the period. Victory Capital Management Inc. grew its stake in shares of Siga Technologies by 19.0% in the fourth quarter. Victory Capital Management Inc. now owns 308,498 shares of the company's stock valued at $1,854,000 after buying an additional 49,355 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in Siga Technologies in the 4th quarter valued at approximately $422,000. Vestcor Inc purchased a new position in Siga Technologies in the 4th quarter valued at approximately $290,000. Finally, Teacher Retirement System of Texas boosted its position in Siga Technologies by 19.9% in the 4th quarter. Teacher Retirement System of Texas now owns 12,829 shares of the company's stock valued at $77,000 after buying an additional 2,126 shares during the period. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.