SIGA Technologies Sees Unusually High Options Volume (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) saw some unusual options trading activity on Wednesday. Stock traders acquired 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the average daily volume of 78 call options.

SIGA Technologies Stock Up 1.3 %

SIGA Technologies stock opened at $6.47 on Friday. The stock has a market capitalization of $461.96 million, a PE ratio of 5.39 and a beta of 0.94. SIGA Technologies has a twelve month low of $4.26 and a twelve month high of $12.83. The company has a 50 day moving average of $6.37 and a 200-day moving average of $7.53.

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

Hedge Funds Weigh In On SIGA Technologies

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC grew its stake in shares of SIGA Technologies by 7.8% in the fourth quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock valued at $137,000 after acquiring an additional 1,652 shares in the last quarter. Rhumbline Advisers grew its stake in SIGA Technologies by 4.2% during the second 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 stake in shares of SIGA Technologies by 21.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 24,292 shares of the company’s stock valued at $146,000 after purchasing an additional 4,315 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of SIGA Technologies in the 3rd quarter valued at approximately $30,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of SIGA Technologies by 30.0% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 19,902 shares of the company’s stock valued at $120,000 after purchasing an additional 4,597 shares in the last quarter. 55.40% of the stock is owned by institutional investors.

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.