Quinn Opportunity Partners LLC Makes New Investment in Miami International Holdings, Inc. $MIAX

Key Points

• Quinn Opportunity Partners acquired 162,656 shares of Miami International (NYSE:MIAX) in the 3rd quarter, a stake valued at about $6.55 million and representing roughly 0.20% of the company.
• Director Murray Stahl sold 121,054 shares on March 2 at an average price of $40.92 for ~$4.95 million, trimming his holding by 2.52% but still owning about 4.69 million shares (~$191.9 million).
• Miami International topped expectations with quarterly EPS of $0.52 vs. $0.41 and revenue of $369.43 million (up 14% YoY), while analysts remain mixed—consensus rating "Hold" with an average target of $48.00.

Quinn Opportunity Partners LLC acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 162,656 shares of the company's stock, valued at approximately $6,549,000. Quinn Opportunity Partners LLC owned approximately 0.20% of Miami International at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Limestone Investment Advisors LP acquired a new stake in Miami International during the third quarter worth approximately $278,000. Tocqueville Asset Management L.P. acquired a new position in Miami International in the third quarter valued at approximately $9,288,000. Invesco Ltd. acquired a new position in Miami International in the third quarter valued at approximately $18,468,000. Sei Investments Co. bought a new position in shares of Miami International during the 3rd quarter worth approximately $4,074,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Miami International during the 3rd quarter worth approximately $17,403,000.

Insiders Place Their Bets

In related news, Director Murray Stahl sold 121,054 shares of the business's stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of $40.92, for a total transaction of $4,953,529.68. Following the transaction, the director directly owned 4,689,466 shares in the company, valued at approximately $191,892,948.72. The trade was a 2.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Wall Street Analyst Weigh In

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

Miami International Trading Up 1.0%

Shares of NYSE:MIAX opened at $38.46 on Friday. The stock has a market cap of $3.52 billion and a PE ratio of 71.22. The stock's fifty day simple moving average is $41.76 and its two-hundred day simple moving average is $42.41. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $51.38.

Miami International (NYSE:MIAX - Get Free Report) last posted its earnings results 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 firm had revenue of $369.43 million during the quarter, compared to the consensus estimate of $121.13 million. The company's revenue for the quarter was up 14.0% on a year-over-year basis.

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.

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