Investors Purchase High Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw some unusual options trading activity on Wednesday. Traders bought 1,200 call options on the company. This is an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Price Performance

Shares of SIGA stock opened at $7.36 on Thursday. The company has a 50-day moving average of $6.99 and a two-hundred day moving average of $7.85. The firm has a market cap of $525.50 million, a PE ratio of 6.13 and a beta of 0.89. SIGA Technologies has a 1-year low of $4.26 and a 1-year high of $12.83.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.02 earnings per share for the quarter. The firm had revenue of $10.01 million during the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. Sell-side analysts anticipate that SIGA Technologies will post 1.04 EPS for the current fiscal year.

Institutional Investors Weigh In On SIGA Technologies

A number of institutional investors have recently modified their holdings of SIGA. Price T Rowe Associates Inc. MD boosted its holdings in SIGA Technologies by 8.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,180 shares of the company’s stock valued at $250,000 after acquiring an additional 2,218 shares during the period. Rhumbline Advisers lifted its holdings in SIGA Technologies by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 69,947 shares of the company’s stock worth $531,000 after buying an additional 2,851 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in SIGA Technologies by 27.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 15,871 shares of the company’s stock valued at $120,000 after buying an additional 3,370 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SIGA Technologies by 38.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,684 shares of the company’s stock worth $104,000 after acquiring an additional 3,829 shares in the last quarter. Finally, Larson Financial Group LLC purchased a new stake in shares of SIGA Technologies during the third quarter worth $30,000. 55.40% of the stock is 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.