Siga Technologies Inc. (NASDAQ:SIGA – Get Free Report)’s stock price was up 0.2% on Wednesday . The stock traded as high as $4.36 and last traded at $4.31. 504,157 shares changed hands during trading, an increase of 23% from the average daily volume of 408,336 shares. The stock had previously closed at $4.30.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Siga Technologies from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.
Check Out Our Latest Stock Analysis on SIGA
Siga Technologies Price Performance
Siga Technologies (NASDAQ:SIGA – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($0.05) earnings per share for the quarter. The company had revenue of $6.24 million during the quarter. Siga Technologies had a net margin of 21.58% and a return on equity of 10.60%.
Siga Technologies Dividend Announcement
The business also recently declared a special dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were paid a $0.60 dividend. The ex-dividend date of this dividend was Tuesday, April 7th.
Institutional Trading of Siga Technologies
Several institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its stake in Siga Technologies by 418.1% in the fourth quarter. Farther Finance Advisors LLC now owns 4,150 shares of the company’s stock valued at $25,000 after purchasing an additional 3,349 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Siga Technologies by 34.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after buying an additional 1,184 shares during the period. CWM LLC grew its stake in shares of Siga Technologies by 148.6% in the 4th quarter. CWM LLC now owns 5,027 shares of the company’s stock valued at $31,000 after buying an additional 3,005 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Siga Technologies by 116.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after buying an additional 3,669 shares during the period. Finally, Parallel Advisors LLC increased its position in Siga Technologies by 47.0% in the 4th quarter. Parallel Advisors LLC now owns 7,969 shares of the company’s stock valued at $49,000 after buying an additional 2,549 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.
About Siga Technologies
Siga Technologies, Inc (NASDAQ: SIGA) is a specialty pharmaceutical company focused on the development, manufacturing and commercialization of medical countermeasures for public health emergencies and biological threats. The company’s flagship product, TPOXX® (tecovirimat), is the first and only antiviral approved by the U.S. Food and Drug Administration for the treatment of smallpox. Siga has entered into procurement and development contracts with U.S. government agencies, including the Biomedical Advanced Research and Development Authority (BARDA) and the Department of Defense, to supply TPOXX® for the Strategic National Stockpile.
Founded in 2002, Siga has built a pipeline of therapies targeting high-consequence pathogens such as smallpox, plague and other potential biothreat agents.
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