Miami International (NYSE:MIAX) EVP Shelly Brown Sells 16,000 Shares of Stock

Miami International Holdings, Inc. (NYSE:MIAX) EVP Shelly Brown sold 16,000 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $47.28, for a total value of $756,480.00. Following the sale, the executive vice president directly owned 325,047 shares of the company’s stock, valued at approximately $15,368,222.16. This trade represents a 4.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, April 8th, Shelly Brown sold 16,434 shares of Miami International stock. The stock was sold at an average price of $42.08, for a total transaction of $691,542.72.
• On Tuesday, April 7th, Shelly Brown sold 900 shares of Miami International stock. The shares were sold at an average price of $42.00, for a total transaction of $37,800.00.
• On Monday, April 6th, Shelly Brown sold 2,357 shares of Miami International stock. The shares were sold at an average price of $41.33, for a total transaction of $97,414.81.
• On Monday, March 23rd, Shelly Brown sold 25,932 shares of Miami International stock. The stock was sold at an average price of $39.33, for a total transaction of $1,019,905.56.

Miami International Trading Up 0.9%

MIAX stock opened at $47.72 on Wednesday. The stock has a market capitalization of $4.52 billion and a price-to-earnings ratio of 88.36. The firm’s 50-day moving average price is $41.76 and its two-hundred day moving average price is $43.16. Miami International Holdings, Inc. has a 12-month low of $28.63 and a 12-month high of $51.38.

Miami International (NYSE:MIAX) last posted its earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to analysts’ expectations of $121.13 million. The company’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities analysts predict that Miami International Holdings, Inc. will post 1.45 EPS for the current year.

Key Stories Impacting Miami International

Here are the key news stories impacting Miami International this week:

• Positive Sentiment: Q4 results and outlook remain supportive: MIAX reported an EPS beat and materially stronger revenue year-over-year, which underpins analyst estimates for continued earnings growth this year. MarketBeat MIAX report
• Neutral Sentiment: CEO Thomas P. Gallagher sold 54,229 shares at an average ~$47.26 under a pre-arranged 10b5-1 plan; he still holds a large stake (~1.72M shares). SEC filing
• Neutral Sentiment: EVP Douglas M. Schafer, Jr. sold 48,000 shares (~$47.25 avg) under a 10b5-1 plan, reducing his stake but leaving substantial ownership. SEC filing
• Neutral Sentiment: EVP Barbara J. Comly sold 28,000 shares (~$47.26 avg) under a 10b5-1 plan; she retains a large position. SEC filing
• Neutral Sentiment: EVP Shelly Brown sold 16,000 shares (~$47.28 avg) via a 10b5-1 plan. SEC filing
• Neutral Sentiment: EVP Edward Deitzel sold 11,000 shares (~$47.28 avg) under a 10b5-1 arrangement. SEC filing
• Neutral Sentiment: Director Kurt M. Eckert sold 5,625 shares (~$47.29 avg) under a 10b5-1 plan. SEC filing
• Neutral Sentiment: Director Judson Gray Teekell sold 3,000 shares (~$47.30 avg) under a 10b5-1 plan. SEC filing

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and set a $59.00 target price on shares of Miami International in a research note on Tuesday, April 7th. Wall Street Zen cut shares of Miami International from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a research report on Friday, March 27th. Morgan Stanley upped their price objective on shares of Miami International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Friday, April 10th. Finally, Zacks Research raised shares of Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Mad River Investors boosted its position in shares of Miami International by 0.6% during the fourth quarter. Mad River Investors now owns 75,050 shares of the company’s stock valued at $3,331,000 after purchasing an additional 450 shares in the last quarter. State of Wyoming purchased a new position in Miami International during the fourth quarter valued at $26,000. National Bank of Canada FI bought a new stake in shares of Miami International during the 3rd quarter valued at $29,000. First Trust Advisors LP grew its position in shares of Miami International by 3.5% in the 4th quarter. First Trust Advisors LP now owns 21,671 shares of the company’s stock worth $962,000 after buying an additional 733 shares during the period. Finally, Coastal Bridge Advisors LLC increased its stake in shares of Miami International by 1.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 77,415 shares of the company’s stock worth $3,436,000 after acquiring an additional 850 shares in the last quarter.

About Miami International

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.