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

SIGA Technologies, Inc. (NASDAQ:SIGA - Get Free Report) saw unusually large options trading on Wednesday. Stock investors acquired 1,200 call options on the stock. This is an increase of 1,438% compared to the average volume of 78 call options.

Institutional Trading of SIGA Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its holdings in SIGA Technologies by 154.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 70,299 shares of the company's stock valued at $475,000 after buying an additional 42,669 shares during the last quarter. Principal Financial Group Inc. grew its holdings in SIGA Technologies by 8.1% in the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company's stock valued at $144,000 after buying an additional 1,784 shares during the last quarter. Legato Capital Management LLC grew its holdings in SIGA Technologies by 14.1% in the 4th quarter. Legato Capital Management LLC now owns 532,441 shares of the company's stock valued at $3,200,000 after buying an additional 65,800 shares during the last quarter. Denali Advisors LLC grew its holdings in SIGA Technologies by 58.3% in the 4th quarter. Denali Advisors LLC now owns 378,544 shares of the company's stock valued at $2,275,000 after buying an additional 139,354 shares during the last quarter. Finally, New York State Common Retirement Fund grew its holdings in SIGA Technologies by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 589,620 shares of the company's stock valued at $3,544,000 after buying an additional 94,490 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company's stock.

SIGA Technologies Stock Performance

Shares of NASDAQ SIGA traded up $0.13 during mid-day trading on Tuesday, reaching $6.20. 362,732 shares of the company traded hands, compared to its average volume of 732,941. The stock has a market cap of $442.93 million, a PE ratio of 5.17 and a beta of 0.92. The company's fifty day moving average is $5.80 and its two-hundred day moving average is $6.10. SIGA Technologies has a fifty-two week low of $4.95 and a fifty-two week high of $12.83.

SIGA Technologies (NASDAQ:SIGA - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter. The company had revenue of $7.04 million for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. Research analysts forecast that SIGA Technologies will post 1.04 earnings per share for the current year.

SIGA Technologies Announces Dividend

The firm also recently announced a special dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 29th were issued a $0.60 dividend. The ex-dividend date of this dividend was 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.