Denali Advisors LLC Raises Holdings in SIGA Technologies, Inc. (NASDAQ:SIGA)

Denali Advisors LLC boosted its stake in SIGA Technologies, Inc. (NASDAQ:SIGA) by 58.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 378,544 shares of the company’s stock after acquiring an additional 139,354 shares during the period. Denali Advisors LLC’s holdings in SIGA Technologies were worth $2,275,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp lifted its position in shares of SIGA Technologies by 52.4% in the fourth quarter. Bank of New York Mellon Corp now owns 289,712 shares of the company’s stock valued at $1,741,000 after acquiring an additional 99,670 shares in the last quarter. New York State Common Retirement Fund raised its stake in SIGA Technologies by 19.1% in the 4th quarter. New York State Common Retirement Fund now owns 589,620 shares of the company’s stock valued at $3,544,000 after purchasing an additional 94,490 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in SIGA Technologies by 8.1% in the 4th quarter. Principal Financial Group Inc. now owns 23,927 shares of the company’s stock valued at $144,000 after purchasing an additional 1,784 shares in the last quarter. Legato Capital Management LLC boosted its stake in shares of SIGA Technologies by 14.1% during the 4th quarter. Legato Capital Management LLC now owns 532,441 shares of the company’s stock worth $3,200,000 after purchasing an additional 65,800 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in shares of SIGA Technologies by 168.4% during the 4th quarter. DAVENPORT & Co LLC now owns 31,500 shares of the company’s stock worth $189,000 after purchasing an additional 19,762 shares during the last quarter. Hedge funds and other institutional investors own 55.40% of the company’s stock.

SIGA Technologies Price Performance

NASDAQ:SIGA opened at $5.51 on Thursday. The firm has a market cap of $393.44 million, a PE ratio of 4.59 and a beta of 0.94. The firm has a 50 day simple moving average of $6.08 and a 200-day simple moving average of $6.99. SIGA Technologies, Inc. has a 1-year low of $4.75 and a 1-year high of $12.83.

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.