Insider Buying: Miami International (NYSE:MIAX) Director Purchases $312,336.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl purchased 7,200 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was purchased at an average cost of $43.38 per share, for a total transaction of $312,336.00. Following the purchase, the director directly owned 4,696,666 shares in the company, valued at approximately $203,741,371.08. This trade represents a 0.15% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Murray Stahl also recently made the following trade(s):

• On Monday, March 2nd, Murray Stahl sold 121,054 shares of Miami International stock. The shares were sold at an average price of $40.92, for a total value of $4,953,529.68.

Miami International Stock Performance

MIAX traded down $0.62 during trading hours on Thursday, hitting $42.20. 506,001 shares of the company’s stock were exchanged, compared to its average volume of 1,329,737. The company has a market capitalization of $3.44 billion and a PE ratio of 2,110.00. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The firm has a 50-day moving average price of $42.50.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International’s revenue was up 14.0% on a year-over-year basis.

Hedge Funds Weigh In On Miami International

Several hedge funds and other institutional investors have recently bought and sold shares of MIAX. State of Wyoming purchased a new position in shares of Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI bought a new stake in Miami International in the 3rd quarter worth approximately $29,000. Comerica Bank raised its stake in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Miami International during the 4th quarter valued at $66,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Miami International in the 3rd quarter worth $101,000.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $59.00 price target on shares of Miami International in a research report on Thursday. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Keefe, Bruyette & Woods boosted their price objective on shares of Miami International from $43.00 to $44.00 and gave the company a “market perform” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $48.00.

Miami International Company Profile

Miami International (NYSE:MIAX) is a U.S. exchange holding company that operates electronic trading venues and provides market infrastructure for listed options and related products. Its primary business activities include operating regulated exchanges, delivering market data feeds, and offering trading technology and connectivity services designed for professional traders, broker-dealers, and market makers. The company focuses on low-latency execution, order matching, and the operational controls required to support high-volume, automated trading strategies in listed derivatives.

Products and services provided by Miami International include fully electronic order matching engines, transmittable market data and feed products, colocation and connectivity solutions, and tools for risk management and regulatory compliance.