Miami International (NYSE:MIAX) Stock: Insider Barbara Comly Sells 23,339 Shares

Miami International Holdings, Inc. (NYSE:MIAX) EVP Barbara Comly sold 23,339 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $35.10, for a total transaction of $819,198.90. Following the sale, the executive vice president directly owned 839,564 shares of the company’s stock, valued at approximately $29,468,696.40. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Price Performance

NYSE:MIAX traded up $1.12 during midday trading on Wednesday, reaching $34.98. The stock had a trading volume of 1,468,475 shares, compared to its average volume of 1,569,230. The stock has a market capitalization of $3.47 billion, a P/E ratio of 12.96 and a beta of 1.73. Miami International Holdings, Inc. has a 1-year low of $29.06 and a 1-year high of $57.14. The firm’s fifty day simple moving average is $36.12 and its 200-day simple moving average is $41.23.

Miami International (NYSE:MIAX) last released its earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.09. Miami International had a net margin of 19.75% and a return on equity of 19.93%. The firm had revenue of $376.18 million during the quarter. During the same period in the prior year, the firm earned $0.42 EPS. The firm’s revenue was up 243.6% on a year-over-year basis. On average, equities research analysts anticipate that Miami International Holdings, Inc. will post 1.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on MIAX. Rosenblatt Securities dropped their price target on Miami International from $62.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, October 27th. Morgan Stanley lowered their price objective on shares of Miami International from $50.00 to $43.00 and set an “equal weight” rating on the stock in a research note on Friday, October 9th. Weiss Ratings lowered shares of Miami International from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 28th. Zacks Research cut shares of Miami International from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Miami International from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Friday, August 7th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $49.00.

Institutional Trading of Miami International

A number of institutional investors and hedge funds have recently modified their holdings of MIAX. BlackRock Inc. acquired a new position in shares of Miami International in the second quarter valued at $188,466,000. J Digital 6 LLC acquired a new stake in Miami International during the second quarter worth $67,157,000. Bank of America Corp DE acquired a new stake in Miami International during the second quarter worth $31,845,000. NewEdge Advisors LLC increased its holdings in Miami International by 1,646.6% in the 2nd quarter. NewEdge Advisors LLC now owns 681,610 shares of the company’s stock valued at $25,329,000 after buying an additional 642,585 shares during the period. Finally, Caldwell Investment Management Ltd. bought a new stake in Miami International in the 2nd quarter valued at $22,279,000.

About Miami International

Miami International Holdings, Inc (NYSE: MIAX) is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.