Insider Selling: Miami International (NYSE:MIAX) EVP Sells $674,080.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Shelly Brown sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $42.13, for a total transaction of $674,080.00. Following the completion of the sale, the executive vice president directly owned 353,990 shares of the company’s stock, valued at $14,913,598.70. The trade was a 4.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

  • On Tuesday, June 2nd, Shelly Brown sold 16,000 shares of Miami International stock. The shares were sold at an average price of $42.12, for a total transaction of $673,920.00.
  • On Monday, May 4th, Shelly Brown sold 16,000 shares of Miami International stock. The stock was sold at an average price of $47.28, for a total transaction of $756,480.00.
  • On Wednesday, April 8th, Shelly Brown sold 16,434 shares of Miami International stock. The stock was sold at an average price of $42.08, for a total value of $691,542.72.

Miami International Stock Up 2.6%

Miami International stock opened at $42.94 on Friday. The firm has a market cap of $4.08 billion and a P/E ratio of 44.73. The business has a fifty day moving average of $44.59 and a two-hundred day moving average of $43.03. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $57.14.

Miami International (NYSE:MIAXGet Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The company had revenue of $369.69 million during the quarter, compared to analysts’ expectations of $122.74 million. The company’s revenue was up 40.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 earnings per share. Equities analysts expect that Miami International Holdings, Inc. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on MIAX. Morgan Stanley boosted their target price on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Rosenblatt Securities lifted their price objective on shares of Miami International from $59.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Keefe, Bruyette & Woods raised their target price on shares of Miami International from $40.00 to $48.00 and gave the company a “market perform” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $51.20.

View Our Latest Research Report on Miami International

Institutional Investors Weigh In On Miami International

Several institutional investors have recently added to or reduced their stakes in the business. Mad River Investors grew its stake in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after acquiring an additional 450 shares during the last quarter. State of Wyoming purchased a new position in shares of Miami International in the 4th quarter valued at approximately $26,000. National Bank of Canada FI purchased a new position in shares of Miami International in the 3rd quarter valued at approximately $29,000. First Trust Advisors LP boosted its stake in Miami International by 3.5% in 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 in the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in 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 during the last quarter.

Trending Headlines about Miami International

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Miami International Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Miami International (NYSE:MIAX)

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