Stock Traders Buy High Volume of Siga Technologies Call Options (NASDAQ:SIGA)

Siga Technologies Inc. (NASDAQ:SIGA) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 1,200 call options on the stock. This is an increase of 1,438% compared to the average volume of 78 call options.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Siga Technologies from a “hold” rating to a “strong-buy” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Siga Technologies in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Siga Technologies Trading Down 3.7%

Shares of NASDAQ:SIGA opened at $8.13 on Thursday. Siga Technologies has a 52 week low of $4.95 and a 52 week high of $9.62. The company’s 50 day moving average is $8.63 and its two-hundred day moving average is $7.30. The company has a market cap of $582.19 million, a PE ratio of 7.19 and a beta of 0.96.

Siga Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.49 EPS for the quarter. Siga Technologies had a net margin of 45.73% and a return on equity of 40.52%. The company had revenue of $81.12 million for the quarter. As a group, equities research analysts expect that Siga Technologies will post 1.04 EPS for the current year.

Institutional Investors Weigh In On Siga Technologies

A number of large investors have recently modified their holdings of SIGA. BNP Paribas Financial Markets increased its position in shares of Siga Technologies by 34.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,661 shares of the company’s stock valued at $30,000 after purchasing an additional 1,184 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of Siga Technologies in the 2nd quarter valued at approximately $34,000. State of Alaska Department of Revenue purchased a new stake in shares of Siga Technologies in the 3rd quarter valued at approximately $34,000. Tower Research Capital LLC TRC boosted its holdings in shares of Siga Technologies by 116.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,817 shares of the company’s stock valued at $44,000 after buying an additional 3,669 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of Siga Technologies by 6,344.8% in the 1st quarter. Russell Investments Group Ltd. now owns 9,925 shares of the company’s stock valued at $54,000 after buying an additional 9,771 shares in the last quarter. 55.40% of the stock is owned by hedge funds and other 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.