Traders Purchase High Volume of SIGA Technologies Call Options (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 volume of 78 call options.

Institutional Trading of SIGA Technologies

A number of institutional investors and hedge funds have recently bought and sold shares of SIGA. Russell Investments Group Ltd. boosted its holdings in SIGA Technologies by 6,344.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock worth $54,000 after acquiring an additional 9,771 shares during the period. Corton Capital Inc. purchased a new position in SIGA Technologies in the 1st quarter worth approximately $58,000. Teacher Retirement System of Texas boosted its holdings 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 worth $77,000 after acquiring an additional 2,126 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of SIGA Technologies during the 4th quarter valued at approximately $78,000. Finally, EP Wealth Advisors LLC boosted its stake in shares of SIGA Technologies by 14.5% during the 4th quarter. EP Wealth Advisors LLC now owns 13,887 shares of the company’s stock valued at $83,000 after buying an additional 1,755 shares during the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

SIGA Technologies Price Performance

NASDAQ SIGA opened at $5.92 on Friday. SIGA Technologies has a 12 month low of $4.95 and a 12 month high of $12.83. The company has a 50-day moving average of $5.78 and a 200-day moving average of $6.13. The company has a market cap of $422.93 million, a P/E ratio of 4.93 and a beta of 0.92.

SIGA Technologies (NASDAQ:SIGA) last posted its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter. SIGA Technologies had a net margin of 49.33% and a return on equity of 49.06%. The company had revenue of $7.04 million for the quarter. As a group, equities research analysts anticipate that SIGA Technologies will post 1.04 EPS for the current year.

SIGA Technologies Dividend Announcement

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

About SIGA Technologies

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.