Insider Selling: Miami International (NYSE:MIAX) Director Sells 5,545 Shares

Key Points

• Director insider sale: Judson Teekell sold 5,545 MIAX shares at an average price of $41.58, totaling $230,561.10. The transaction, conducted under a Rule 10b5-1 plan, reduced his holdings by 6.41% to 81,000 shares.
• Strong quarterly results: Miami International reported $0.48 in quarterly EPS, exceeding the $0.41 consensus estimate, while revenue rose 34.8% year over year to $387.63 million.
• Mixed analyst outlook: Analysts maintain an overall “Hold” rating, with an average price target of $51.40 versus the stock’s reported price of $42.50; targets range from $45 to $62.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) Director Judson Teekell sold 5,545 shares of Miami International stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $41.58, for a total transaction of $230,561.10. Following the sale, the director owned 81,000 shares in the company, valued at approximately $3,367,980. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Judson Gray Teekell also recently made the following trade(s):

• On Wednesday, September 2nd, Judson Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $40.89, for a total transaction of $122,670.00.
• On Tuesday, August 4th, Judson Teekell sold 3,000 shares of Miami International stock. The shares were sold at an average price of $45.79, for a total transaction of $137,370.00.
• On Thursday, July 2nd, Judson Teekell sold 3,000 shares of Miami International stock. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00.

Miami International Stock Performance

Shares of NYSE:MIAX traded down $0.21 during trading on Friday, reaching $42.50. The company had a trading volume of 804,726 shares, compared to its average volume of 1,519,371. The firm's fifty day moving average is $42.72 and its 200 day moving average is $43.05. The firm has a market capitalization of $4.22 billion and a PE ratio of 55.20. Miami International Holdings, Inc. has a twelve month low of $34.02 and a twelve month high of $57.14.

Miami International (NYSE:MIAX - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.48 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.07. Miami International had a net margin of 9.70% and a return on equity of 16.95%. The business had revenue of $387.63 million for the quarter. During the same quarter in the prior year, the business earned $0.48 EPS. Miami International's revenue was up 34.8% compared to the same quarter last year. Equities analysts predict that Miami International Holdings, Inc. will post 1.7 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Miami International

A number of hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets purchased a new stake in shares of Miami International during the fourth quarter valued at $8,477,000. Vanguard Group Inc. increased its stake in Miami International by 39.5% in the 4th quarter. Vanguard Group Inc. now owns 1,928,286 shares of the company's stock worth $85,577,000 after purchasing an additional 545,770 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in Miami International during the 2nd quarter worth about $8,313,249. Arrowstreet Capital Limited Partnership acquired a new stake in Miami International during the 1st quarter worth about $5,834,000. Finally, Renaissance Technologies LLC lifted its stake in Miami International by 39.2% during the first quarter. Renaissance Technologies LLC now owns 271,500 shares of the company's stock valued at $10,567,000 after buying an additional 76,401 shares in the last quarter.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on Miami International from $41.00 to $45.00 and gave the company a "neutral" rating in a research report on Thursday, May 7th. Weiss Ratings restated a "hold (c)" rating on shares of Miami International in a report on Friday, August 7th. Rosenblatt Securities raised their target price on Miami International from $61.00 to $62.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods lifted their target price on Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a report on Friday, August 7th. Finally, Zacks Research cut shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Miami International currently has an average rating of "Hold" and an average target price of $51.40.

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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