19,739 Shares in Miami International Holdings, Inc. $MIAX Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 19,739 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MIAX. National Bank of Canada FI acquired a new position in shares of Miami International in the third quarter worth approximately $29,000. Comerica Bank lifted its stake in shares of Miami International by 295.6% in the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after acquiring an additional 937 shares during the period. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International in the third quarter worth approximately $101,000. SG Americas Securities LLC acquired a new position in shares of Miami International in the fourth quarter worth approximately $105,000. Finally, Strs Ohio acquired a new position in shares of Miami International in the fourth quarter worth approximately $186,000.

Miami International Stock Performance

Shares of MIAX opened at $51.42 on Friday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The business’s 50 day moving average price is $44.73 and its two-hundred day moving average price is $44.05. The firm has a market cap of $4.88 billion and a PE ratio of 53.56.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.06. The business had revenue of $369.69 million during the quarter, compared to analyst estimates of $122.74 million. During the same period last year, the firm posted $0.38 earnings per share. Miami International’s quarterly revenue was up 40.0% compared to the same quarter last year. Research analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current fiscal year.

Insider Activity at Miami International

In other news, CFO Lance Emmons sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $56.36, for a total transaction of $1,972,600.00. Following the transaction, the chief financial officer directly owned 84,262 shares of the company’s stock, valued at $4,749,006.32. This represents a 29.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Murray Stahl sold 121,054 shares of the company’s stock in a transaction that occurred on Monday, March 2nd. The stock was sold at an average price of $40.92, for a total value of $4,953,529.68. Following the transaction, the director directly owned 4,689,466 shares in the company, valued at $191,892,948.72. The trade was a 2.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 722,175 shares of company stock valued at $31,648,266 over the last three months.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Morgan Stanley boosted their price target on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Rosenblatt Securities boosted their price target on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, May 7th. Zacks Research raised Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Miami International currently has a consensus rating of “Moderate Buy” and a consensus target price of $51.20.

About Miami International

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.