SIGA Technologies (NASDAQ:SIGA) Sees Large Volume Increase

SIGA Technologies, Inc. (NASDAQ:SIGA) saw an uptick in trading volume on Wednesday . 1,289,830 shares traded hands during trading, an increase of 80% from the previous session’s volume of 718,097 shares.The stock last traded at $8.99 and had previously closed at $10.46.

SIGA Technologies Trading Up 3.3 %

The company has a market capitalization of $551.18 million, a price-to-earnings ratio of 8.16 and a beta of 0.95. The stock’s fifty day simple moving average is $8.08 and its 200-day simple moving average is $6.25.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $116.48 million for the quarter. SIGA Technologies had a return on equity of 44.84% and a net margin of 48.65%. On average, analysts anticipate that SIGA Technologies, Inc. will post 1.22 EPS for the current fiscal year.

SIGA Technologies Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, April 11th. Shareholders of record on Tuesday, March 26th were given a $0.60 dividend. The ex-dividend date was Monday, March 25th. This is a positive change from SIGA Technologies’s previous dividend of $0.45.

Hedge Funds Weigh In On SIGA Technologies

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its holdings in SIGA Technologies by 200.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,955 shares of the company’s stock valued at $45,000 after acquiring an additional 5,309 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in shares of SIGA Technologies by 351.7% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,225 shares of the company’s stock worth $46,000 after purchasing an additional 6,404 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in shares of SIGA Technologies during the third quarter worth $57,000. Steward Partners Investment Solutions LLC acquired a new position in shares of SIGA Technologies during the fourth quarter worth $58,000. Finally, Aigen Investment Management LP purchased a new position in SIGA Technologies in the third quarter valued at $99,000. 55.40% of the stock is owned by institutional investors and hedge funds.

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.