Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Douglas Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $45.71, for a total transaction of $2,194,080.00. Following the completion of the transaction, the executive vice president directly owned 387,414 shares in the company, valued at $17,708,693.94. This trade represents a 11.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Stock Down 1.3%
NYSE MIAX traded down $0.58 during trading hours on Thursday, reaching $45.38. 1,947,036 shares of the company were exchanged, compared to its average volume of 1,552,097. The stock has a market capitalization of $4.31 billion and a P/E ratio of 47.27. Miami International Holdings, Inc. has a 1 year low of $28.63 and a 1 year high of $57.14. The business’s 50 day simple moving average is $41.66 and its 200-day simple moving average is $42.92.
Miami International (NYSE:MIAX – Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.07. The company had revenue of $387.63 million during the quarter. The firm’s revenue was up 34.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. As a group, sell-side analysts anticipate that Miami International Holdings, Inc. will post 1.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
View Our Latest Analysis on MIAX
Institutional Trading of Miami International
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mad River Investors boosted its stake in Miami International by 0.6% in the 4th quarter. Mad River Investors now owns 75,050 shares of the company’s stock worth $3,331,000 after purchasing an additional 450 shares in the last quarter. State of Wyoming bought a new position in shares of Miami International in the fourth quarter worth approximately $26,000. National Bank of Canada FI purchased a new stake in shares of Miami International during the third quarter valued at approximately $29,000. First Trust Advisors LP raised its holdings 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 acquiring an additional 733 shares during the last quarter. Finally, Coastal Bridge Advisors LLC lifted its position in Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock valued at $3,436,000 after acquiring 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.
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