151,179 Shares in Miami International Holdings, Inc. $MIAX Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. bought a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 151,179 shares of the company’s stock, valued at approximately $5,618,000.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in Miami International in the 2nd quarter worth $188,466,000. Vanguard Group Inc. acquired a new position in shares of Miami International during the third quarter valued at about $55,660,000. Alyeska Investment Group L.P. acquired a new position in shares of Miami International during the third quarter valued at about $50,959,000. Invesco Ltd. lifted its stake in shares of Miami International by 178.8% in the fourth quarter. Invesco Ltd. now owns 1,278,966 shares of the company’s stock valued at $56,761,000 after buying an additional 820,246 shares during the period. Finally, Caldwell Investment Management Ltd. bought a new stake in shares of Miami International in the second quarter valued at about $22,279,000.

Insider Transactions at Miami International

In related news, CEO Thomas P. Gallagher sold 149,700 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $41.13, for a total transaction of $6,157,161.00. Following the completion of the transaction, the chief executive officer owned 1,423,275 shares in the company, valued at $58,539,300.75. This trade represents a 9.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Douglas M. Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $42.84, for a total value of $2,056,320.00. Following the completion of the sale, the executive vice president directly owned 396,681 shares in the company, valued at approximately $16,993,814.04. This represents a 10.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 797,208 shares of company stock valued at $33,858,199. Corporate insiders own 15.60% of the company’s stock.

Miami International Stock Down 0.0%

NYSE:MIAX opened at $42.58 on Monday. The firm has a market capitalization of $4.23 billion and a PE ratio of 55.30. Miami International Holdings, Inc. has a 12-month low of $32.19 and a 12-month high of $57.14. The firm has a 50-day moving average price of $41.83 and a 200 day moving average price of $42.95.

Miami International (NYSE:MIAX) last released its quarterly earnings data 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. Miami International had a return on equity of 16.95% and a net margin of 9.70%.The company had revenue of $387.63 million for the quarter. During the same period in the previous year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 34.8% compared to the same quarter last year. On average, research analysts expect that Miami International Holdings, Inc. will post 1.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MIAX. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Miami International from $41.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. Rosenblatt Securities boosted their price objective on Miami International from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Finally, Morgan Stanley upped their target price on Miami International from $50.00 to $53.00 and gave the company an “overweight” rating in a research note on Friday, July 10th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Miami International has an average rating of “Hold” and an average target price of $52.00.

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.