Investors Buy Large Volume of Call Options on SIGA Technologies (NASDAQ:SIGA)

SIGA Technologies, Inc. (NASDAQ:SIGA) was the recipient of some unusual options trading activity on Wednesday. Investors purchased 1,200 call options on the stock. This is an increase of approximately 1,438% compared to the typical daily volume of 78 call options.

SIGA Technologies Stock Up 0.9 %

NASDAQ SIGA opened at $5.88 on Thursday. The stock has a market cap of $419.83 million, a P/E ratio of 4.90 and a beta of 0.94. SIGA Technologies has a twelve month low of $4.39 and a twelve month high of $12.83. The company’s 50-day simple moving average is $6.28 and its 200 day simple moving average is $7.36.

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

Institutional Trading of SIGA Technologies

Large investors have recently bought and sold shares of the stock. SG Americas Securities LLC boosted its stake in shares of SIGA Technologies by 7.8% in the 4th quarter. SG Americas Securities LLC now owns 22,819 shares of the company’s stock valued at $137,000 after purchasing an additional 1,652 shares in the last quarter. Principal Financial Group Inc. boosted its position in SIGA Technologies by 8.1% in the fourth quarter. Principal Financial Group Inc. now owns 23,927 shares of the company’s stock valued at $144,000 after buying an additional 1,784 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in SIGA Technologies by 21.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 24,292 shares of the company’s stock worth $146,000 after buying an additional 4,315 shares during the last quarter. Larson Financial Group LLC bought a new stake in SIGA Technologies during the third quarter worth about $30,000. Finally, Bailard Inc. increased its holdings in shares of SIGA Technologies by 31.5% during the fourth quarter. Bailard Inc. now owns 18,800 shares of the company’s stock worth $113,000 after buying an additional 4,500 shares in the last quarter. 55.40% of the stock is currently owned by institutional investors.

SIGA Technologies Company Profile

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.