223,715 Shares in Miami International Holdings, Inc. $MIAX Acquired by Philadelphia Financial Management of San Francisco LLC

Philadelphia Financial Management of San Francisco LLC bought a new position in Miami International Holdings, Inc. (NYSE:MIAX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 223,715 shares of the company’s stock, valued at approximately $8,313,249,000. Miami International makes up approximately 1.7% of Philadelphia Financial Management of San Francisco LLC’s investment portfolio, making the stock its 20th biggest holding.

Several other large investors have also recently bought and sold shares of the company. State of Wyoming bought a new position in shares of Miami International in the fourth quarter worth $26,000. National Bank of Canada FI bought a new stake in Miami International during the third quarter valued at $29,000. Comerica Bank boosted its stake in Miami International by 295.6% during the fourth quarter. Comerica Bank now owns 1,254 shares of the company’s stock valued at $56,000 after buying an additional 937 shares during the period. Fifth Third Bancorp purchased a new stake in shares of Miami International in the 1st quarter valued at about $61,000. Finally, Caitong International Asset Management Co. Ltd bought a new stake in shares of Miami International during the 4th quarter valued at about $66,000.

Insider Buying and Selling at Miami International

In other Miami International news, EVP Barbara J. Comly sold 44,445 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.69, for a total value of $2,030,692.05. Following the transaction, the executive vice president directly owned 882,984 shares in the company, valued at $40,343,538.96. This represents a 4.79% decrease in their position. The sale was disclosed in a legal 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. Also, EVP Harish Jayabalan sold 20,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $45.90, for a total transaction of $918,000.00. Following the completion of the sale, the executive vice president owned 78,065 shares of the company’s stock, valued at approximately $3,583,183.50. This represents a 20.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 797,208 shares of company stock worth $33,858,199. Company insiders own 15.60% of the company’s stock.

Miami International Trading Down 2.8%

Miami International stock opened at $43.11 on Thursday. The company has a market capitalization of $4.28 billion and a price-to-earnings ratio of 55.99. The business’s fifty day simple moving average is $42.01 and its two-hundred day simple moving average is $43.00. Miami International Holdings, Inc. has a 12 month low of $33.05 and a 12 month high of $57.14.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.48 earnings per share (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 firm had revenue of $387.63 million for the quarter. During the same period in the previous year, the business earned $0.48 EPS. The business’s revenue was up 34.8% compared to the same quarter last year. On average, equities research analysts predict that Miami International Holdings, Inc. will post 1.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on MIAX. Weiss Ratings restated a “hold (c)” rating on shares of Miami International in a research report on Friday, August 7th. Morgan Stanley lifted their price objective on shares of Miami International from $50.00 to $53.00 and gave the stock an “overweight” rating in a report on Friday, July 10th. Zacks Research lowered Miami International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 23rd. Wall Street Zen lowered Miami International from a “buy” rating to a “hold” rating in a research report on Sunday. Finally, JPMorgan Chase & Co. upped their price target on shares of Miami International from $41.00 to $45.00 and gave the company a “neutral” rating in a research report on Thursday, May 7th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, Miami International currently has a consensus rating of “Hold” and a consensus target price of $52.00.

Miami International 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.