Miami International (NYSE:MIAX) Stock: Insider Barbara Comly Sells 23,339 Shares

Key Points

• EVP Barbara Comly sold 23,339 shares for about $819,199 at an average price of $35.10 under a pre-arranged Rule 10b5-1 plan. She retained 839,564 shares after the sale.
• Miami International reported quarterly EPS of $0.45, beating the $0.36 analyst consensus, while revenue rose 243.6% year over year to $376.18 million.
• Analysts’ consensus rating is Hold, with an average price target of $49. The stock rose 3.3% on Wednesday to $34.98.

Miami International Holdings, Inc. (NYSE:MIAX - Get Free Report) EVP Barbara Comly sold 23,339 shares of the business's stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $35.10, for a total transaction of $819,198.90. Following the transaction, the executive vice president directly owned 839,564 shares of the company's stock, valued at $29,468,696.40. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Miami International Stock Up 3.3%

NYSE MIAX traded up $1.12 on Wednesday, hitting $34.98. The stock had a trading volume of 1,468,475 shares, compared to its average volume of 1,569,230. The company's 50-day moving average is $36.12 and its two-hundred day moving average is $41.23. Miami International Holdings, Inc. has a one year low of $29.06 and a one year high of $57.14. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 12.96 and a beta of 1.73.

Miami International (NYSE:MIAX - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.45 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.09. The company had revenue of $376.18 million for the quarter. Miami International had a return on equity of 19.93% and a net margin of 19.75%. The business's quarterly revenue was up 243.6% on a year-over-year basis. During the same period last year, the firm posted $0.42 EPS. On average, sell-side analysts anticipate that Miami International Holdings, Inc. will post 1.73 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Miami International from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 26th. Rosenblatt Securities dropped their price target on shares of Miami International from $62.00 to $60.00 and set a "buy" rating on the stock in a research report on Tuesday, October 27th. Keefe, Bruyette & Woods increased their price objective on shares of Miami International from $46.00 to $48.00 and gave the company a "market perform" rating in a report on Friday, August 7th. Wall Street Zen lowered shares of Miami International from a "buy" rating to a "hold" rating in a research note on Sunday, August 23rd. Finally, Morgan Stanley dropped their target price on Miami International from $50.00 to $43.00 and set an "equal weight" rating on the stock in a report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Miami International presently has an average rating of "Hold" and an average target price of $49.00.

Institutional Trading of Miami International

Institutional investors and hedge funds have recently bought and sold shares of the stock. Atlas Wealth Partners LLC boosted its position in shares of Miami International by 1.7% in the third quarter. Atlas Wealth Partners LLC now owns 39,190 shares of the company's stock worth $1,313,000 after buying an additional 660 shares during the period. Pictet Asset Management Holding SA acquired a new position in shares of Miami International during the 3rd quarter worth $332,000. Hahn Capital Management LLC bought a new stake in Miami International in the third quarter worth $4,491,000. Covestor Ltd increased its position in Miami International by 321.5% during the third quarter. Covestor Ltd now owns 2,508 shares of the company's stock worth $84,000 after buying an additional 1,913 shares during the last quarter. Finally, State of Wyoming lifted its position in shares of Miami International by 15.5% in the third quarter. State of Wyoming now owns 10,755 shares of the company's stock worth $360,000 after buying an additional 1,442 shares during the last quarter.

About Miami International

Miami International Holdings, Inc NYSE: MIAX is a financial exchange operator that owns and manages regulated marketplaces for the trading of options and other securities. Through its exchange platforms, the company provides electronic trading, order matching, market data and related services to brokers, market makers, institutional investors and other market participants.

The company operates the MIAX exchange family, which includes MIAX, MIAX Pearl and MIAX Emerald, as well as related equities and options trading venues.

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