What is LGND's dilution risk score?

LGND currently has a DilutionScore of 21/100, indicating low dilution risk. DilutionWatch monitors LGND SEC filings in real-time, scanning EDGAR every 60 seconds for shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals.

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: 21/100 (LOW)

📊 Score Breakdown

📋 Offering Ability

20

💰 Cash Runway

0

📊 Float Risk

20

⚠️ Warrant Exposure

50

🔄Convertible Debt—

🌦️ Dilution Forecast

⛅

Watch

Minor dilution signals detected

17%

📜 Warrant Exercise 25%

• Significant warrants: 16% of shares outstanding

🔁 Convertible Conversion 15%

• Convertible debt present: 9.9% potential dilution

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💹 Market Data

Market Cap$4.65B

Shares Outstanding20.04M

Float19.57M

Cash$779.40M

Debt$27.50M

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 →

📉 Short Interest

Short Interest2.12M

Days to Cover2.6

% of Float10.8%

FINRA data as of Jun 30, 2026

👤 Insider Buy/Sell Ratio

📁 Recent SEC Activity

xbrl XBRL CONVERTIBLE Dec 31, 2025

xbrl XBRL WARRANT Dec 31, 2023

4 INSIDER TRANSACTION Apr 02, 2026

4 INSIDER TRANSACTION Mar 31, 2026

Full SEC filing analysis available with free account →

📰 Recent News

No recent news

📋 What This Means for LGND Shareholders

Ligand Pharmaceuticals Incorporated (LGND) has a DilutionScore of 21/100, rated Low dilution risk. At this score level, DilutionWatch's real-time EDGAR monitoring shows limited near-term dilution signals. This does not mean zero dilution risk — shelf registrations can be filed and activated quickly — but the current filing profile shows no major outstanding dilution programs. Score as of July 13, 2026.

DilutionWatch tracks 3.3M outstanding warrants for LGND. Warrants become dilutive when exercised — converting to common shares at the strike price. Warrants near or in-the-money deserve particular attention since exercise can add materially to the outstanding share count within a short window.

DilutionWatch tracks over 25 SEC filing types for LGND in real-time, scanning EDGAR every 60 seconds. The DilutionWatch screener shows real-time score changes for LGND alongside comparable low-risk stocks. Not financial advice — this analysis is for informational purposes only.

Warrants Explained →