SIGA Technologies, Inc. (NASDAQ:SIGA – Get Rating) was the target of unusually large options trading on Wednesday. Stock investors acquired 1,200 call options on the company. This is an increase of approximately 1,438% compared to the average daily volume of 78 call options.
Hedge Funds Weigh In On SIGA Technologies
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in SIGA Technologies by 269.1% during the third quarter. Renaissance Technologies LLC now owns 2,353,247 shares of the company's stock valued at $24,238,000 after acquiring an additional 1,715,736 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of SIGA Technologies by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 2,228,809 shares of the company's stock valued at $22,956,000 after purchasing an additional 69,423 shares during the last quarter. State Street Corp raised its holdings in shares of SIGA Technologies by 52.5% in the 3rd quarter. State Street Corp now owns 1,514,105 shares of the company's stock valued at $15,595,000 after buying an additional 521,261 shares during the period. Kempen Capital Management N.V. increased its holdings in SIGA Technologies by 19.5% during the 1st quarter. Kempen Capital Management N.V. now owns 1,376,982 shares of the company's stock worth $9,763,000 after purchasing an additional 224,423 shares during the period. Finally, Two Sigma Investments LP increased its holdings in SIGA Technologies by 48.8% during the 3rd quarter. Two Sigma Investments LP now owns 994,041 shares of the company's stock worth $10,239,000 after purchasing an additional 325,837 shares during the period. Hedge funds and other institutional investors own 42.55% of the company's stock.
Get SIGA Technologies alerts:SIGA Technologies Stock Performance
NASDAQ SIGA opened at $9.33 on Thursday. The company has a market capitalization of $681.31 million, a P/E ratio of 6.52 and a beta of 0.73. SIGA Technologies has a one year low of $5.84 and a one year high of $26.99. The stock has a 50 day moving average price of $10.14 and a 200-day moving average price of $12.64.
About SIGA Technologies
(Get Rating)SIGA Technologies, Inc, a commercial-stage pharmaceutical company, focuses on the health security and infectious disease 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. SIGA Technologies, Inc has a strategic partnership with Cipla Therapeutics to deliver sustained innovation and access to antibacterial drugs primarily against biothreats.
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