Miami International Holdings, Inc. (NYSE:MIAX – Get Free Report) EVP Barbara Comly sold 44,445 shares of the company’s stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $40.49, for a total transaction of $1,799,578.05. Following the completion of the transaction, the executive vice president owned 839,564 shares in the company, valued at approximately $33,993,946.36. This represents a 5.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Miami International Stock Performance
Shares of MIAX traded down $0.21 on Friday, hitting $42.50. 804,726 shares of the stock traded hands, compared to its average volume of 1,519,371. The company has a market capitalization of $4.22 billion and a PE ratio of 55.20. Miami International Holdings, Inc. has a one year low of $34.02 and a one year high of $57.14. The business has a 50 day simple moving average of $42.72 and a 200 day simple moving average of $43.05.
Miami International (NYSE:MIAX – Get Free Report) last issued its earnings results on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.41 by $0.07. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The business had revenue of $387.63 million for the quarter. During the same quarter in the prior year, the business posted $0.48 earnings per share. The business’s revenue for the quarter was up 34.8% on a year-over-year basis. On average, equities analysts expect that Miami International Holdings, Inc. will post 1.7 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Miami International
Institutional Trading of Miami International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Miami International during the second quarter valued at $188,466,000. T. Rowe Price Investment Management Inc. grew its stake in shares of Miami International by 24.5% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,025,712 shares of the company’s stock valued at $134,282,000 after acquiring an additional 595,096 shares during the period. Vanguard Group Inc. increased its holdings in Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company’s stock worth $85,577,000 after acquiring an additional 545,770 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its stake in Miami International by 31.6% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,819,798 shares of the company’s stock worth $80,763,000 after acquiring an additional 437,395 shares during the period. Finally, J Digital 6 LLC purchased a new position in Miami International during the second quarter valued at approximately $67,157,000.
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.
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