Traders Buy Large Volume of SIGA Technologies Call Options (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of some unusual options trading activity on Wednesday. Stock investors bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average volume of 78 call options.

SIGA Technologies Trading Down 3.3 %

Shares of SIGA opened at $8.23 on Friday. The stock has a market capitalization of $585.07 million, a P/E ratio of 8.66 and a beta of 0.94. The firm’s fifty day simple moving average is $6.99 and its two-hundred day simple moving average is $5.89. SIGA Technologies has a 12 month low of $4.22 and a 12 month high of $10.00.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The firm had revenue of $116.48 million for the quarter. As a group, research analysts predict that SIGA Technologies will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 25th. This is a positive change from SIGA Technologies’s previous dividend of $0.45.

Institutional Investors Weigh In On SIGA Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Point72 Middle East FZE purchased a new stake in SIGA Technologies in the 4th quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its holdings in SIGA Technologies by 200.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock worth $45,000 after buying an additional 5,309 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in SIGA Technologies by 351.7% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after buying an additional 6,404 shares during the period. UBS Group AG boosted its holdings in SIGA Technologies by 30.3% in the 2nd quarter. UBS Group AG now owns 4,596 shares of the company’s stock worth $53,000 after buying an additional 1,070 shares during the period. Finally, Evergreen Capital Management LLC bought a new position in SIGA Technologies in the 3rd quarter valued at $57,000. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.