DAVENPORT & Co LLC raised its position in shares of Siga Technologies Inc. (NASDAQ:SIGA – Free Report) by 150.0% in the second quarter, Holdings Channel.com reports. The fund owned 50,000 shares of the company’s stock after buying an additional 30,000 shares during the quarter. DAVENPORT & Co LLC’s holdings in Siga Technologies were worth $326,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the company. Linden Thomas Advisory Services LLC grew its position in Siga Technologies by 8.0% during the first quarter. Linden Thomas Advisory Services LLC now owns 26,230 shares of the company’s stock valued at $144,000 after acquiring an additional 1,938 shares during the period. SummerHaven Investment Management LLC grew its position in Siga Technologies by 2.4% during the second quarter. SummerHaven Investment Management LLC now owns 98,525 shares of the company’s stock valued at $642,000 after acquiring an additional 2,317 shares during the period. Martingale Asset Management L P grew its position in Siga Technologies by 3.2% during the first quarter. Martingale Asset Management L P now owns 86,157 shares of the company’s stock valued at $472,000 after acquiring an additional 2,684 shares during the period. Uniplan Investment Counsel Inc. grew its position in Siga Technologies by 0.7% during the first quarter. Uniplan Investment Counsel Inc. now owns 504,561 shares of the company’s stock valued at $2,765,000 after acquiring an additional 3,572 shares during the period. Finally, Significant Wealth Partners LLC grew its position in Siga Technologies by 21.4% during the first quarter. Significant Wealth Partners LLC now owns 34,269 shares of the company’s stock valued at $188,000 after acquiring an additional 6,052 shares during the period. Hedge funds and other institutional investors own 55.40% of the company’s stock.
Siga Technologies Price Performance
Shares of NASDAQ SIGA opened at $8.22 on Monday. Siga Technologies Inc. has a 1-year low of $4.95 and a 1-year high of $9.62. The business has a 50-day moving average of $8.64 and a 200-day moving average of $7.05. The company has a market capitalization of $588.63 million, a price-to-earnings ratio of 7.27 and a beta of 0.96.
Analysts Set New Price Targets
A number of research firms have issued reports on SIGA. Weiss Ratings reissued a “hold (c)” rating on shares of Siga Technologies in a research report on Wednesday, October 8th. Wall Street Zen raised Siga Technologies from a “hold” rating to a “strong-buy” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.
View Our Latest Report on SIGA
Siga Technologies 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.
See Also
- Five stocks we like better than Siga Technologies
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- Microsoft 365 Premium Marks the Next Phase of AI Monetization
- Roth IRA Calculator: Calculate Your Potential Returns
- Could Target’s Week of Discounts Come Full Circle for Investors?
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- 3 Reasons to Buy Sprouts Farmers Market Ahead of Earnings
Want to see what other hedge funds are holding SIGA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Siga Technologies Inc. (NASDAQ:SIGA – Free Report).
Receive News & Ratings for Siga Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Siga Technologies and related companies with MarketBeat.com's FREE daily email newsletter.