GSA Capital Partners LLP Purchases New Stake in Miami International Holdings, Inc. $MIAX

GSA Capital Partners LLP purchased a new stake in Miami International Holdings, Inc. (NYSE:MIAX) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 19,739 shares of the company’s stock, valued at approximately $876,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. bought a new position in Miami International in the third quarter valued at about $55,660,000. Alyeska Investment Group L.P. bought a new position in Miami International in the third quarter valued at about $50,959,000. JPMorgan Chase & Co. bought a new position in Miami International in the third quarter valued at about $32,679,000. North Reef Capital Management LP bought a new position in Miami International in the third quarter valued at about $29,221,000. Finally, Wellington Management Group LLP bought a new position in Miami International in the third quarter valued at about $23,476,000.

Miami International Trading Down 0.0%

NYSE:MIAX opened at $51.42 on Friday. The stock has a market cap of $4.88 billion and a P/E ratio of 53.56. The stock’s 50-day moving average is $44.73 and its 200-day moving average is $44.05. Miami International Holdings, Inc. has a 1-year low of $28.63 and a 1-year high of $57.14.

Miami International (NYSE:MIAX) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The firm had revenue of $369.69 million for the quarter, compared to the consensus estimate of $122.74 million. The business’s revenue for the quarter was up 40.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.38 earnings per share. As a group, equities analysts forecast that Miami International Holdings, Inc. will post 1.53 EPS for the current year.

Wall Street Analysts Forecast Growth

MIAX has been the topic of a number of recent analyst reports. Zacks Research upgraded Miami International from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 15th. Rosenblatt Securities lifted their target price on Miami International from $59.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. Morgan Stanley lifted their target price on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Friday, April 10th. Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Sunday, May 17th. Finally, Weiss Ratings upgraded Miami International from a “sell (d+)” rating to a “hold (c)” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $51.20.

Insider Activity at Miami International

In other news, Director Judson Gray Teekell sold 3,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.30, for a total transaction of $141,900.00. Following the sale, the director directly owned 56,338 shares in the company, valued at approximately $2,664,787.40. The trade was a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Shelly Brown sold 16,000 shares of the business’s stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $47.28, for a total value of $756,480.00. Following the sale, the executive vice president owned 325,047 shares in the company, valued at approximately $15,368,222.16. This trade represents a 4.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 722,175 shares of company stock valued at $31,648,266.

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.