Miami International (NYSE:MIAX) Stock: Insider Barbara Comly Sells 56,022 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 56,022 shares of the stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $35.07, for a total value of $1,964,691.54. Following the completion of the transaction, the executive vice president owned 839,564 shares of the company’s stock, valued at $29,443,509.48. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

Shares of NYSE MIAX traded up $1.12 during mid-day trading on Wednesday, hitting $34.98. 1,468,475 shares of the stock traded hands, compared to its average volume of 1,569,230. The company has a market cap of $3.47 billion, a PE ratio of 12.96 and a beta of 1.73. Miami International Holdings, Inc. has a twelve month low of $29.06 and a twelve month high of $57.14. The firm has a 50 day simple moving average of $36.12 and a two-hundred day simple moving average of $41.23.

Miami International (NYSE:MIAX) last issued its earnings results on Thursday, October 29th. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. The business had revenue of $376.18 million during the quarter. Miami International had a return on equity of 19.93% and a net margin of 19.75%. Miami International’s revenue for the quarter was up 243.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.42 EPS. On average, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MIAX. Fifth Third Bancorp acquired a new stake in shares of Miami International in the first quarter valued at about $61,000. New York State Teachers Retirement System bought a new position in shares of Miami International during the first quarter worth about $84,000. Covestor Ltd lifted its stake in shares of Miami International by 321.5% in the third quarter. Covestor Ltd now owns 2,508 shares of the company’s stock worth $84,000 after acquiring an additional 1,913 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Miami International by 857.2% in the third quarter. Sterling Capital Management LLC now owns 2,575 shares of the company’s stock worth $86,000 after acquiring an additional 2,306 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Miami International by 42.3% in the third quarter. Nisa Investment Advisors LLC now owns 2,641 shares of the company’s stock worth $88,000 after acquiring an additional 785 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Weiss Ratings downgraded Miami International from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th. Zacks Research downgraded shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $46.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, August 7th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Finally, Rosenblatt Securities dropped their price target on shares of Miami International from $62.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, October 27th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.00.

About Miami International

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.