Investors Purchase High Volume of SIGA Technologies Call Options (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the target of some unusual options trading on Wednesday. Traders purchased 1,200 call options on the stock. This represents an increase of approximately 1,438% compared to the average volume of 78 call options.

SIGA Technologies Trading Down 1.5 %

Shares of NASDAQ:SIGA traded down $0.10 during trading on Thursday, hitting $6.51. 67,288 shares of the company’s stock were exchanged, compared to its average volume of 886,097. SIGA Technologies has a 1-year low of $4.26 and a 1-year high of $12.83. The firm has a market cap of $464.81 million, a P/E ratio of 5.51 and a beta of 0.89. The firm has a 50-day moving average price of $7.25 and a two-hundred day moving average price of $8.02.

SIGA Technologies (NASDAQ:SIGA) last posted its earnings results on Thursday, November 7th. The company reported $0.02 earnings per share (EPS) for the quarter. SIGA Technologies had a return on equity of 49.06% and a net margin of 49.33%. The company had revenue of $10.01 million during the quarter. As a group, research analysts predict that SIGA Technologies will post 1.01 EPS for the current year.

Institutional Trading of SIGA Technologies

A number of large investors have recently bought and sold shares of SIGA. Allspring Global Investments Holdings LLC grew its holdings in shares of SIGA Technologies by 11.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 52,526 shares of the company’s stock worth $450,000 after buying an additional 5,468 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of SIGA Technologies by 297.7% in the 1st quarter. BNP Paribas Financial Markets now owns 59,053 shares of the company’s stock valued at $505,000 after acquiring an additional 44,205 shares during the period. Vanguard Group Inc. raised its holdings in shares of SIGA Technologies by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,283,612 shares of the company’s stock valued at $19,548,000 after purchasing an additional 41,515 shares during the period. Hillsdale Investment Management Inc. acquired a new position in SIGA Technologies during the first quarter worth approximately $1,367,000. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of SIGA Technologies by 996.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 24,836 shares of the company’s stock worth $212,000 after acquiring an additional 22,571 shares during the period. 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.