Stock Traders Purchase Large Volume of Call Options on SIGA Technologies (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 typical daily volume of 78 call options.

Institutional Trading of SIGA Technologies

A number of institutional investors have recently bought and sold shares of SIGA. Hotchkis & Wiley Capital Management LLC raised its stake in shares of SIGA Technologies by 52.9% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 3,158,320 shares of the company's stock valued at $17,308,000 after acquiring an additional 1,093,080 shares during the period. AltraVue Capital LLC grew its holdings in SIGA Technologies by 14.1% during the 4th quarter. AltraVue Capital LLC now owns 2,639,524 shares of the company's stock valued at $15,864,000 after purchasing an additional 326,630 shares during the last quarter. Dimensional Fund Advisors LP raised its position in SIGA Technologies by 11.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,126,065 shares of the company's stock worth $12,777,000 after purchasing an additional 217,926 shares during the period. American Century Companies Inc. lifted its stake in SIGA Technologies by 7.8% in the first quarter. American Century Companies Inc. now owns 1,370,660 shares of the company's stock worth $7,511,000 after purchasing an additional 98,688 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of SIGA Technologies by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 1,132,397 shares of the company's stock valued at $6,807,000 after buying an additional 19,654 shares during the period. 55.40% of the stock is currently owned by institutional investors.

SIGA Technologies Price Performance

Shares of NASDAQ SIGA traded down $0.15 during mid-day trading on Friday, hitting $6.01. 299,750 shares of the company's stock traded hands, compared to its average volume of 731,997. SIGA Technologies has a 1 year low of $4.95 and a 1 year high of $12.83. The company's 50-day moving average is $5.85 and its two-hundred day moving average is $6.04. The company has a market capitalization of $429.36 million, a P/E ratio of 5.01 and a beta of 0.92.

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

SIGA Technologies Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 29th were given a dividend of $0.60 per share. 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.