Ghisallo Capital Management LLC Makes New Investment in Miami International Holdings, Inc. $MIAX

Key Points

• Ghisallo Capital Management bought a new stake of 275,000 shares in Miami International (NYSE:MIAX) in Q3, valued at about $11.07 million and representing roughly 0.34% ownership.
• Miami International beat quarterly expectations, reporting $0.52 EPS versus $0.41 expected and revenue of $369.43 million (up 14% year‑over‑year), well above the cited analyst revenue estimate.
• Director Murray Stahl acquired 7,200 shares at $43.38, raising his holdings to 4,633,842 shares (about $201 million), a 0.16% increase in his ownership.

Ghisallo Capital Management LLC purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 275,000 shares of the company's stock, valued at approximately $11,072,000. Ghisallo Capital Management LLC owned about 0.34% of Miami International at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Emerald Mutual Fund Advisers Trust bought a new position in Miami International during the 3rd quarter worth approximately $101,000. Texas Yale Capital Corp. bought a new stake in Miami International in the third quarter valued at approximately $201,000. Limestone Investment Advisors LP acquired a new stake in Miami International in the third quarter worth $278,000. Legal & General Group Plc acquired a new stake in Miami International in the third quarter worth $302,000. Finally, Caprock Group LLC bought a new position in shares of Miami International during the third quarter worth $376,000.

Insider Activity at Miami International

In other news, Director Murray Stahl acquired 7,200 shares of Miami International stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $43.38 per share, with a total value of $312,336.00. Following the completion of the transaction, the director directly owned 4,633,842 shares of the company's stock, valued at approximately $201,016,065.96. This represents a 0.16% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Miami International Stock Performance

Shares of MIAX opened at $38.46 on Friday. The firm has a market cap of $3.52 billion and a P/E ratio of 71.22. Miami International Holdings, Inc. has a twelve month low of $28.63 and a twelve month high of $51.38. The firm's 50 day moving average price is $41.76 and its two-hundred day moving average price is $42.41.

Miami International (NYSE:MIAX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.11. The company had revenue of $369.43 million for the quarter, compared to analyst estimates of $121.13 million. The business's revenue for the quarter was up 14.0% compared to the same quarter last year.

Wall Street Analyst Weigh In

MIAX has been the subject of several research analyst reports. Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Wall Street Zen upgraded Miami International from a "hold" rating to a "buy" rating in a report on Saturday, March 7th. Rosenblatt Securities reissued a "buy" rating and issued a $59.00 target price on shares of Miami International in a research note on Thursday, March 5th. Finally, Weiss Ratings restated a "sell (d+)" rating on shares of Miami International in a report on Monday, December 29th. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Miami International has an average rating of "Hold" and an average target price 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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