Harvey Partners LLC Makes New $2.01 Million Investment in Miami International Holdings, Inc. $MIAX

Harvey Partners LLC acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, Holdings Channel.com reports. The fund acquired 50,000 shares of the company’s stock, valued at approximately $2,013,000.

A number of other hedge funds have also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in shares of Miami International during the third quarter worth about $17,684,000. Caldwell Investment Management Ltd. bought a new position in Miami International in the 3rd quarter valued at about $27,056,000. Emerald Mutual Fund Advisers Trust bought a new position in Miami International in the 3rd quarter valued at about $101,000. Atlas Wealth Partners LLC acquired a new position in Miami International during the 3rd quarter valued at about $881,000. Finally, Federated Hermes Inc. bought a new stake in Miami International during the 3rd quarter worth approximately $10,065,000.

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl purchased 7,200 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were acquired at an average cost of $43.38 per share, for a total transaction of $312,336.00. Following the completion of the acquisition, the director owned 4,633,842 shares of the company’s stock, valued at $201,016,065.96. The trade was a 0.16% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analyst Weigh In

MIAX has been the subject of several analyst reports. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Wall Street Zen raised Miami International from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Miami International in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $48.00.

Miami International Stock Performance

Shares of MIAX stock opened at $38.46 on Monday. The company has a market capitalization of $3.52 billion and a price-to-earnings ratio of 71.22. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The company has a 50-day simple moving average of $41.76 and a two-hundred day simple moving average of $42.52.

Miami International (NYSE:MIAX) last posted its 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 firm had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International’s quarterly revenue was up 14.0% on a year-over-year basis.

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.