Insider Selling: Miami International (NYSE:MIAX) EVP Sells $462,440.00 in Stock

Miami International Holdings, Inc. (NYSE:MIAXGet Free Report) EVP Edward Deitzel sold 11,000 shares of the stock in a transaction that occurred on Monday, July 6th. The stock was sold at an average price of $42.04, for a total value of $462,440.00. Following the sale, the executive vice president directly owned 119,601 shares of the company’s stock, valued at $5,028,026.04. The trade was a 8.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Edward Deitzel also recently made the following trade(s):

  • On Tuesday, June 2nd, Edward Deitzel sold 11,000 shares of Miami International stock. The shares were sold at an average price of $42.16, for a total value of $463,760.00.
  • On Monday, May 4th, Edward Deitzel sold 11,000 shares of Miami International stock. The stock was sold at an average price of $47.28, for a total value of $520,080.00.
  • On Wednesday, April 8th, Edward Deitzel sold 7,572 shares of Miami International stock. The stock was sold at an average price of $42.02, for a total value of $318,175.44.

Miami International Price Performance

NYSE:MIAX opened at $42.94 on Friday. The firm’s fifty day moving average price is $44.59 and its 200 day moving average price is $43.03. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14. The firm has a market cap of $4.08 billion and a price-to-earnings ratio of 44.73.

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

Trending Headlines about Miami International

Here are the key news stories impacting Miami International this week:

Analysts Set New Price Targets

MIAX has been the subject of several analyst reports. Weiss Ratings raised shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Rosenblatt Securities lifted their price objective on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, May 7th. Morgan Stanley boosted their target price on Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen downgraded Miami International from a “buy” rating to a “hold” rating in a research note on Sunday, May 17th. Finally, Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.20.

View Our Latest Research Report on MIAX

Institutional Investors Weigh In On Miami International

Several institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Miami International in the 4th quarter worth approximately $26,000. National Bank of Canada FI purchased a new position in Miami International in the 3rd quarter valued at approximately $29,000. Comerica Bank raised its holdings in Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock worth $56,000 after purchasing an additional 937 shares during the last quarter. Fifth Third Bancorp purchased a new stake in Miami International during the first quarter worth $61,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in Miami International in the fourth quarter valued at $66,000.

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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