SIGA Technologies (NASDAQ:SIGA) Shares Up 5.3%

SIGA Technologies, Inc. (NASDAQ:SIGA) shares traded up 5.3% on Monday . The stock traded as high as $10.77 and last traded at $10.69. 398,508 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 698,372 shares. The stock had previously closed at $10.15.

SIGA Technologies Trading Down 28.3 %

The stock has a market capitalization of $533.40 million, a P/E ratio of 8.03 and a beta of 0.95. The company has a 50-day moving average price of $8.04 and a 200 day moving average price of $6.24.

SIGA Technologies (NASDAQ:SIGA) last announced its quarterly earnings data on Tuesday, March 12th. The company reported $1.01 earnings per share for the quarter. SIGA Technologies had a net margin of 48.65% and a return on equity of 44.84%. The firm had revenue of $116.48 million for the quarter. As a group, research analysts expect that SIGA Technologies, Inc. will post 1.22 earnings per share for the current year.

SIGA Technologies Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, April 11th. Stockholders of record on Tuesday, March 26th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, March 25th. This is a boost from SIGA Technologies’s previous dividend of $0.45.

Hedge Funds Weigh In On SIGA Technologies

Several large investors have recently made changes to their positions in SIGA. Bank of New York Mellon Corp increased its stake in shares of SIGA Technologies by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 282,824 shares of the company’s stock worth $1,485,000 after purchasing an additional 3,030 shares in the last quarter. General American Investors Co. Inc. increased its position in SIGA Technologies by 152.9% during the third quarter. General American Investors Co. Inc. now owns 971,131 shares of the company’s stock worth $5,098,000 after purchasing an additional 587,123 shares during the last quarter. Principal Financial Group Inc. raised its stake in SIGA Technologies by 29.6% during the third quarter. Principal Financial Group Inc. now owns 46,968 shares of the company’s stock worth $247,000 after purchasing an additional 10,719 shares during the period. New York State Common Retirement Fund boosted its holdings in SIGA Technologies by 24.5% in the 3rd quarter. New York State Common Retirement Fund now owns 379,555 shares of the company’s stock valued at $1,993,000 after purchasing an additional 74,777 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of SIGA Technologies in the 3rd quarter valued at approximately $208,000. 55.40% of the stock is currently owned by institutional investors and hedge funds.

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.