Delta Global Management LP Takes $2.03 Million Position in Miami International Holdings, Inc. $MIAX

Key Points

• Delta Global Management LP established a new position in Miami International (NYSE:MIAX), purchasing 50,498 shares worth approximately $2.03 million in Q3 (about 0.06% of the company), while other institutions also opened larger stakes (Caldwell ~$27.06M, Allspring ~$17.68M, Federated Hermes ~$10.07M).
• Miami International beat quarterly expectations with EPS $0.52 vs. $0.41 expected and revenue of $369.43M (up 14% year-over-year); the stock trades near $39.46 and has a market cap of $3.62B.
• Director Murray Stahl bought 7,200 shares at $43.38, and analysts remain mixed (four Buy, four Hold, one Sell), leaving an average Hold rating and a consensus price target of $48.

Delta Global Management LP bought a new position in shares of Miami International Holdings, Inc. (NYSE:MIAX - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 50,498 shares of the company's stock, valued at approximately $2,033,000. Delta Global Management LP owned about 0.06% of Miami International at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Miami International in the 3rd quarter valued at $17,684,000. Caldwell Investment Management Ltd. acquired a new position in Miami International in the third quarter valued at $27,056,000. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Miami International in the third quarter valued at about $101,000. Atlas Wealth Partners LLC acquired a new stake in shares of Miami International during the third quarter worth about $881,000. Finally, Federated Hermes Inc. purchased a new position in shares of Miami International during the third quarter worth about $10,065,000.

Miami International Stock Up 2.6%

NYSE MIAX opened at $39.46 on Tuesday. The stock has a market capitalization of $3.62 billion and a P/E ratio of 73.06. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38. The firm has a 50-day moving average price of $41.63 and a 200 day moving average price of $42.55.

Miami International (NYSE:MIAX - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analysts' expectations of $121.13 million. The firm's revenue was up 14.0% on a year-over-year basis.

Insider Buying and Selling at Miami International

In other Miami International news, Director Murray Stahl acquired 7,200 shares of the company's stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average price of $43.38 per share, with a total value of $312,336.00. Following the completion of the acquisition, the director directly owned 4,633,842 shares of the company's stock, valued at approximately $201,016,065.96. The trade was a 0.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.

Wall Street Analyst Weigh In

Several analysts have commented on MIAX shares. Wall Street Zen raised Miami International from a "hold" rating to a "buy" rating in a research note on Saturday, March 7th. Zacks Research lowered Miami International from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a research note on Monday, December 29th. Finally, Rosenblatt Securities reaffirmed a "buy" rating and set a $59.00 price target on shares of Miami International in a report on Thursday, March 5th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $48.00.

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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