SIGA Technologies (NASDAQ:SIGA) Stock Price Up 5.3%

SIGA Technologies, Inc. (NASDAQ:SIGA)’s stock price shot up 5.3% on Monday . The stock traded as high as $10.77 and last traded at $10.69. 398,508 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 698,372 shares. The stock had previously closed at $10.15.

SIGA Technologies Trading Up 2.4 %

The firm’s fifty day simple moving average is $7.83 and its two-hundred day simple moving average is $6.17. The company has a market capitalization of $738.97 million, a price-to-earnings ratio of 11.33 and a beta of 0.95.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The firm had revenue of $116.48 million during the quarter. As a group, analysts forecast that SIGA Technologies, Inc. will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, April 11th. Investors of record on Tuesday, March 26th were issued a dividend of $0.60 per share. This is a boost from SIGA Technologies’s previous dividend of $0.45. The ex-dividend date was Monday, March 25th.

Institutional Trading of SIGA Technologies

Several hedge funds have recently made changes to their positions in the business. First Wilshire Securities Management Inc. increased its stake in SIGA Technologies by 43.9% during the 3rd quarter. First Wilshire Securities Management Inc. now owns 2,065,012 shares of the company’s stock worth $10,841,000 after buying an additional 630,125 shares during the period. General American Investors Co. Inc. raised its holdings in SIGA Technologies by 152.9% in the third quarter. General American Investors Co. Inc. now owns 971,131 shares of the company’s stock valued at $5,098,000 after acquiring an additional 587,123 shares in the last quarter. Campbell & CO Investment Adviser LLC raised its holdings in SIGA Technologies by 453.4% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 218,953 shares of the company’s stock valued at $1,226,000 after acquiring an additional 179,388 shares in the last quarter. New York State Common Retirement Fund raised its holdings in SIGA Technologies by 24.5% in the third quarter. New York State Common Retirement Fund now owns 379,555 shares of the company’s stock valued at $1,993,000 after acquiring an additional 74,777 shares in the last quarter. Finally, DAVENPORT & Co LLC raised its holdings in SIGA Technologies by 280.0% in the fourth quarter. DAVENPORT & Co LLC now owns 95,000 shares of the company’s stock valued at $532,000 after acquiring an additional 70,000 shares in the last quarter. Institutional investors and hedge funds own 55.40% of the company’s stock.

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.