Miami International (NYSE:MIAX) EVP Shelly Brown Sells 21,217 Shares of Stock

Key Points

• Executive sale: Miami International EVP Shelly Brown sold 21,217 shares at an average price of $38.61, generating $819,188.37. The Rule 10b5-1 transaction reduced her direct holdings by 6.28% to 316,490 shares.
• Stock performance: MIAX shares recently traded at $37.65, with a 12-month range of $35.43 to $57.14 and a market capitalization of approximately $3.74 billion.
• Financial and analyst outlook: The company exceeded quarterly earnings expectations, reporting $0.48 EPS versus the $0.41 consensus and 34.8% year-over-year revenue growth. Analysts’ consensus rating is “Hold,” with an average price target of $51.40.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Shelly Brown sold 21,217 shares of the firm's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $38.61, for a total value of $819,188.37. Following the completion of the sale, the executive vice president directly owned 316,490 shares in the company, valued at approximately $12,219,678.90. This represents a 6.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Shelly Brown also recently made the following trade(s):

• On Monday, July 6th, Shelly Brown sold 16,000 shares of Miami International stock. The shares were sold at an average price of $42.13, for a total value of $674,080.00.

Miami International Price Performance

Shares of MIAX stock traded down $0.39 on Thursday, hitting $37.65. 1,353,195 shares of the company's stock were exchanged, compared to its average volume of 1,510,388. Miami International Holdings, Inc. has a 12 month low of $35.43 and a 12 month high of $57.14. The stock has a market cap of $3.74 billion and a P/E ratio of 48.89. The company has a 50 day moving average of $43.01 and a 200 day moving average of $43.11.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on MIAX shares. Zacks Research cut shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 23rd. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a research report on Sunday, August 23rd. Keefe, Bruyette & Woods boosted their target price on shares of Miami International from $46.00 to $48.00 and gave the stock a "market perform" rating in a research note on Friday, August 7th. Rosenblatt Securities upped their price target on shares of Miami International from $61.00 to $62.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Miami International in a research note on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $51.40.

Institutional Trading of Miami International

Hedge funds and other institutional investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Miami International in the 4th quarter valued at approximately $66,000. Fifth Third Bancorp bought a new stake in Miami International during the 1st quarter worth approximately $61,000. New York State Teachers Retirement System acquired a new position in Miami International in the 1st quarter valued at approximately $84,000. SG Americas Securities LLC raised its stake in shares of Miami International by 48.9% during the first quarter. SG Americas Securities LLC now owns 3,537 shares of the company's stock valued at $138,000 after acquiring an additional 1,162 shares during the last quarter. Finally, State of Wyoming raised its stake in shares of Miami International by 664.6% during the first quarter. State of Wyoming now owns 4,542 shares of the company's stock valued at $177,000 after acquiring an additional 3,948 shares during the last quarter.

About Miami International

Miami International Holdings, Inc NYSE: MIAX operates a global exchange group focused on financial markets and trading infrastructure. Its business includes the MIAX Exchange Group, which operates electronic options and equities exchanges serving institutional, professional and other market participants.

The company's exchange platforms include MIAX, MIAX Pearl and MIAX Emerald for listed options, as well as MIAX Sapphire for equities. Miami International Holdings also provides exchange-related services such as market data, connectivity and trading technology designed to support efficient order execution and liquidity across its marketplaces.

Founded in 2007, the company has expanded beyond its U.S.

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