What is LGND's dilution risk score?

LGND has a latest available DilutionScore record of 22/100, categorized as low dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for LGND, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for LGND?

DilutionWatch tracks 25 SEC filing types for LGND including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect LGND shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For LGND, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for LGND tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for LGND. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

LGND Dilution Risk Score: 22/100 (LOW)

Score Breakdown

📋 Offering Ability

20

💰Cash Runway—

📊 Float Risk

25

⚠️ Warrant Exposure

50

🔄 Convertible Debt

35

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 17%

📜 Warrant Exercise model 25%

• Significant warrants: 16% of shares outstanding

🔁 Convertible Conversion model 15%

• Convertible debt present: 9.9% potential dilution

🔔 Track LGND — Get forecast alerts →

Market Data

Market Cap$4.65B

Shares Outstanding19.94M

Float19.57M

Cash$1.36B

Debt$1.13B

Short InterestN/A

Institutional Holdings

QoQ: ↑ 15.2% shares (2026Q1 vs prior)

360 institutional holders · 24.14M shares

#1 BlackRock, Inc. 2.96M shares

#2 JANUS HENDERSON GROUP PLC 2.02M shares

#3 VANGUARD CAPITAL MANAGEMENT LLC 1.70M shares

+ 17 more holders Sign up free to view →

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest2.17M

Days to Cover7.4

% of Float11.1%

FINRA data as of Jul 31, 2026

Insider Buy/Sell Ratio

Recent SEC Activity

xbrl XBRL CONVERTIBLE 2025-12-31

xbrl XBRL WARRANT 2023-12-31

4 INSIDER TRANSACTION 2026-04-02

4 INSIDER TRANSACTION 2026-03-31

Full SEC filing analysis available with free account →

Recent News

No recent news

Factual LGND Dilution Snapshot

Ligand Pharmaceuticals Incorporated (LGND) has a DilutionScore of 22/100, rated Low dilution risk. Score date: August 28, 2026.

Stored outstanding warrants: 3.3M.
Recent SEC activity tracked for LGND: 4 on 2026-04-02; 4 on 2026-04-02; 4 on 2026-03-31.

This automatically generated snapshot is assembled from stored DilutionWatch data fields and may contain data-source errors or omissions. It is not financial advice, not investment research, and not a recommendation. Do your own research and review the full disclaimer and terms of service.