Delta Global Management LP Takes Position in Miami International Holdings, Inc. $MIAX

Delta Global Management LP acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,498 shares of the company’s stock, valued at approximately $2,033,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new position in Miami International in the third quarter valued at about $17,684,000. Caldwell Investment Management Ltd. purchased a new stake in shares of Miami International during the 3rd quarter worth approximately $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International during the 3rd quarter worth approximately $101,000. Atlas Wealth Partners LLC acquired a new stake in shares of Miami International in the 3rd quarter worth approximately $881,000. Finally, Federated Hermes Inc. purchased a new position in Miami International in the 3rd quarter valued at approximately $10,065,000.

Miami International Stock Performance

MIAX stock opened at $39.46 on Tuesday. The stock’s 50 day moving average price is $41.63 and its 200 day moving average price is $42.55. The firm has a market cap of $3.62 billion and a P/E ratio of 73.06. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $51.38.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. Miami International’s revenue for the quarter was up 14.0% compared to the same quarter last year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Rosenblatt Securities reaffirmed a “buy” rating and set a $59.00 price objective on shares of Miami International in a report on Thursday, March 5th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Four equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Insider Buying and Selling

In other news, Director Murray Stahl bought 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average price of $43.38 per share, with a total value of $312,336.00. Following the purchase, the director owned 4,633,842 shares of the company’s stock, valued at $201,016,065.96. This trade represents a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

Miami International 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.