Delta Global Management LP Purchases 228,531 Shares of Miami International Holdings, Inc. $MIAX

Delta Global Management LP increased its position in Miami International Holdings, Inc. (NYSE:MIAX) by 452.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 279,029 shares of the company’s stock after buying an additional 228,531 shares during the period. Delta Global Management LP’s holdings in Miami International were worth $12,383,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Maven Securities LTD bought a new position in Miami International in the 4th quarter worth $3,103,000. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Miami International by 17.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 234,244 shares of the company’s stock worth $10,396,000 after acquiring an additional 34,244 shares during the period. Barclays PLC raised its holdings in Miami International by 259.1% in the 4th quarter. Barclays PLC now owns 57,104 shares of the company’s stock worth $2,534,000 after acquiring an additional 41,202 shares during the period. Bullseye Asset Management LLC bought a new position in Miami International in the 4th quarter worth $1,186,000. Finally, The Manufacturers Life Insurance Company raised its holdings in Miami International by 241.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 146,944 shares of the company’s stock worth $6,521,000 after acquiring an additional 103,950 shares during the period.

Miami International Stock Performance

NYSE:MIAX opened at $44.00 on Tuesday. The firm’s 50-day moving average is $46.33 and its 200-day moving average is $43.72. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $57.14. The company has a market cap of $4.18 billion and a price-to-earnings ratio of 45.84.

Miami International (NYSE:MIAX) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.06. The company had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 40.0% compared to the same quarter last year. Equities analysts predict that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Insider Buying and Selling at Miami International

In other news, Director Judson Gray Teekell sold 3,000 shares of Miami International stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $42.78, for a total transaction of $128,340.00. Following the sale, the director directly owned 71,014 shares in the company, valued at approximately $3,037,978.92. The trade was a 4.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Harish Jayabalan sold 9,783 shares of Miami International stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $40.04, for a total transaction of $391,711.32. Following the sale, the executive vice president owned 73,405 shares in the company, valued at approximately $2,939,136.20. This trade represents a 11.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 773,871 shares of company stock worth $34,114,399 in the last 90 days. 15.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts recently commented on MIAX shares. Weiss Ratings upgraded shares of Miami International from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods boosted their price objective on shares of Miami International from $40.00 to $48.00 and gave the stock a “market perform” rating in a report on Friday, May 8th. Zacks Research upgraded shares of Miami International from a “hold” rating to a “strong-buy” rating in a report on Wednesday, April 15th. Morgan Stanley boosted their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Wall Street Zen downgraded shares of Miami International from a “buy” rating to a “hold” rating in a report on Sunday, May 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $51.20.

Miami International 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.