Douglas Schafer, Jr. Sells 48,000 Shares of Miami International (NYSE:MIAX) Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 48,000 shares of Miami International stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $39.74, for a total value of $1,907,520.00. Following the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $15,764,102.94. This represents a 10.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Miami International Stock Performance

NYSE:MIAX traded down $0.29 on Wednesday, reaching $39.54. The company’s stock had a trading volume of 979,585 shares, compared to its average volume of 1,319,557. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38. The business’s 50-day moving average price is $41.54 and its two-hundred day moving average price is $42.57. The firm has a market cap of $3.62 billion and a PE ratio of 73.21.

Miami International (NYSE:MIAX) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating 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. The company’s revenue was up 14.0% on a year-over-year basis.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MIAX shares. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen raised Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price objective on shares of Miami International in a report on Thursday, March 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Monday, December 29th. 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 stock. According to data from MarketBeat.com, Miami International presently has an average rating of “Hold” and a consensus target price of $48.00.

Hedge Funds Weigh In On Miami International

Several hedge funds have recently modified their holdings of the stock. Mad River Investors increased its position in shares of Miami International by 0.6% in the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming acquired a new position in Miami International during the fourth quarter valued at approximately $26,000. National Bank of Canada FI bought a new position in Miami International in the third quarter valued at approximately $29,000. First Trust Advisors LP increased its position in shares of Miami International by 3.5% during the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after purchasing an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC raised its stake in shares of Miami International by 1.1% during the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after purchasing an additional 850 shares in the last quarter.

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.