Insider Selling: Miami International (NYSE:MIAX) Director Sells $4,953,529.68 in Stock

Miami International Holdings, Inc. (NYSE:MIAX) Director Murray Stahl sold 121,054 shares of Miami International 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 owned 4,689,466 shares in the company, valued at approximately $191,892,948.72. The trade was a 2.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Murray Stahl also recently made the following trade(s):

• On Wednesday, March 4th, Murray Stahl acquired 7,200 shares of Miami International stock. The shares were bought at an average cost of $43.38 per share, for a total transaction of $312,336.00.

Miami International Stock Down 3.4%

Shares of MIAX opened at $40.93 on Friday. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The firm has a market cap of $3.33 billion and a P/E ratio of 75.80. The business has a fifty day moving average of $42.29.

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

Analysts Set New Price Targets

Several research firms have recently commented on MIAX. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a research report on Saturday. Rosenblatt Securities restated a “buy” rating and issued a $59.00 target price on shares of Miami International in a research report on Thursday. Finally, Weiss Ratings reaffirmed 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 given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of MIAX. State of Wyoming purchased a new stake in shares of Miami International in the 4th quarter valued at $26,000. National Bank of Canada FI purchased a new position in Miami International during the 3rd quarter valued at about $29,000. Comerica Bank boosted its holdings in Miami International by 295.6% during the 4th quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after acquiring an additional 937 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Miami International in the 4th quarter valued at about $66,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Miami International during the third quarter worth about $101,000.

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.