Miami International (NYSE:MIAX) EVP Douglas Schafer, Jr. Sells 48,000 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Douglas Schafer, Jr. sold 48,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.25, for a total transaction of $2,268,000.00. Following the transaction, the executive vice president owned 396,681 shares in the company, valued at approximately $18,743,177.25. The trade was a 10.79% decrease in their position. The transaction was disclosed in a document filed 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

NYSE:MIAX opened at $47.72 on Wednesday. The firm’s 50-day moving average is $41.76 and its 200-day moving average is $43.16. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The company has a market cap of $4.52 billion and a price-to-earnings ratio of 88.36.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. Equities analysts predict that Miami International Holdings, Inc. will post 1.45 EPS for the current year.

Hedge Funds Weigh In On Miami International

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MIAX. Allspring Global Investments Holdings LLC acquired a new position in Miami International in the third quarter valued at about $17,684,000. Caldwell Investment Management Ltd. acquired a new position in Miami International in the third quarter valued at about $27,056,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Miami International during the third quarter valued at approximately $101,000. Atlas Wealth Partners LLC bought a new stake in shares of Miami International during the third quarter valued at approximately $881,000. Finally, Federated Hermes Inc. bought a new stake in shares of Miami International during the third quarter valued at approximately $10,065,000.

Trending Headlines about Miami International

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

• Positive Sentiment: Q4 results and outlook remain supportive: MIAX reported an EPS beat and materially stronger revenue year-over-year, which underpins analyst estimates for continued earnings growth this year. MarketBeat MIAX report
• Neutral Sentiment: CEO Thomas P. Gallagher sold 54,229 shares at an average ~$47.26 under a pre-arranged 10b5-1 plan; he still holds a large stake (~1.72M shares). SEC filing
• Neutral Sentiment: EVP Douglas M. Schafer, Jr. sold 48,000 shares (~$47.25 avg) under a 10b5-1 plan, reducing his stake but leaving substantial ownership. SEC filing
• Neutral Sentiment: EVP Barbara J. Comly sold 28,000 shares (~$47.26 avg) under a 10b5-1 plan; she retains a large position. SEC filing
• Neutral Sentiment: EVP Shelly Brown sold 16,000 shares (~$47.28 avg) via a 10b5-1 plan. SEC filing
• Neutral Sentiment: EVP Edward Deitzel sold 11,000 shares (~$47.28 avg) under a 10b5-1 arrangement. SEC filing
• Neutral Sentiment: Director Kurt M. Eckert sold 5,625 shares (~$47.29 avg) under a 10b5-1 plan. SEC filing
• Neutral Sentiment: Director Judson Gray Teekell sold 3,000 shares (~$47.30 avg) under a 10b5-1 plan. SEC filing

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MIAX. Rosenblatt Securities reissued a “buy” rating and issued a $59.00 target price on shares of Miami International in a research note on Tuesday, April 7th. Keefe, Bruyette & Woods began coverage on shares of Miami International in a research note on Wednesday, April 8th. They issued a “market perform” rating and a $40.00 target price on the stock. Morgan Stanley upped their target price on shares of Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a research note on Saturday, March 28th. Finally, Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Miami International currently has a consensus rating of “Moderate Buy” and an average target price of $47.60.

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.