Siga Technologies Sees Unusually Large Options Volume (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) saw some unusual options trading activity on Wednesday. Investors bought 1,200 call options on the company. This is an increase of 1,438% compared to the average volume of 78 call options.

Siga Technologies Trading Down 1.3%

Shares of SIGA opened at $4.53 on Thursday. The stock has a market cap of $324.55 million, a P/E ratio of 14.61 and a beta of 1.05. The company has a 50-day moving average of $5.30 and a two-hundred day moving average of $6.27. Siga Technologies has a 12-month low of $4.29 and a 12-month high of $9.62.

Siga Technologies (NASDAQ:SIGA) last issued its quarterly earnings results on Tuesday, March 10th. The company reported ($0.08) EPS for the quarter. The firm had revenue of $3.79 million for the quarter. Siga Technologies had a return on equity of 11.25% and a net margin of 24.61%.

Siga Technologies Announces Dividend

The business also recently announced a special dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th were issued a $0.60 dividend. The ex-dividend date was Tuesday, April 7th.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut shares of Siga Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, April 10th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Siga Technologies

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC grew its stake in Siga Technologies by 150.7% during the fourth quarter. AQR Capital Management LLC now owns 872,795 shares of the company’s stock worth $5,333,000 after buying an additional 524,714 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in Siga Technologies by 44.2% during the third quarter. Arrowstreet Capital Limited Partnership now owns 834,683 shares of the company’s stock worth $7,637,000 after buying an additional 255,902 shares during the period. Bank of America Corp DE grew its stake in Siga Technologies by 143.2% during the second quarter. Bank of America Corp DE now owns 405,730 shares of the company’s stock worth $2,645,000 after buying an additional 238,869 shares during the period. CSM Advisors LLC grew its stake in Siga Technologies by 66.5% during the third quarter. CSM Advisors LLC now owns 596,512 shares of the company’s stock worth $5,458,000 after buying an additional 238,255 shares during the period. Finally, Millennium Management LLC grew its stake in Siga Technologies by 90.9% during the fourth quarter. Millennium Management LLC now owns 489,310 shares of the company’s stock worth $2,990,000 after buying an additional 232,973 shares during the period. 55.40% of the stock is currently owned by hedge funds and other institutional investors.

Siga Technologies Company Profile

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.