Capelight Capital Asset Management LP Acquires Shares of 63,000 Miami International Holdings, Inc. $MIAX

by · The Cerbat Gem

Capelight Capital Asset Management LP acquired a new stake in Miami International Holdings, Inc. (NYSE:MIAX – Free Report) in the fourth quarter, Holdings Channel reports. The fund acquired 63,000 shares of the company’s stock, valued at approximately $2,796,000. Miami International comprises 2.3% of Capelight Capital Asset Management LP’s investment portfolio, making the stock its 12th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in Miami International in the third quarter valued at approximately $17,684,000. Coastal Bridge Advisors LLC acquired a new stake in Miami International in the third quarter valued at approximately $3,083,000. Victory Capital Management Inc. acquired a new stake in Miami International in the third quarter valued at approximately $12,168,000. Federated Hermes Inc. acquired a new stake in Miami International in the third quarter valued at approximately $10,065,000. Finally, Pekin Hardy Strauss Inc. acquired a new stake in Miami International in the third quarter valued at approximately $1,033,000.

Insider Buying and Selling at Miami International

In related news, Director Judson Gray Teekell sold 2,700 shares of Miami International stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $40.00, for a total transaction of $108,000.00. Following the sale, the director directly owned 59,338 shares in the company, valued at approximately $2,373,520. This trade represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Shelly Brown sold 16,434 shares of Miami International stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $42.08, for a total value of $691,542.72. Following the sale, the executive vice president owned 325,047 shares in the company, valued at $13,677,977.76. This trade represents a 4.81% decrease in their ownership of the stock. 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. Insiders sold a total of 267,629 shares of company stock valued at $10,812,697 in the last ninety days.

Miami International Trading Down 0.1%

Shares of Miami International stock opened at $42.86 on Wednesday. The business’s fifty day simple moving average is $40.56 and its 200 day simple moving average is $42.85. The firm has a market capitalization of $3.93 billion and a P/E ratio of 79.37. Miami International Holdings, Inc. has a 12 month low of $28.63 and a 12 month high of $51.38.

Miami International (NYSE:MIAX – Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. The company’s quarterly revenue was up 14.0% compared to the same quarter last year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on MIAX shares. Morgan Stanley raised their price objective on Miami International from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Friday, April 10th. Zacks Research cut Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Keefe, Bruyette & Woods started coverage on Miami International in a research report on Wednesday, April 8th. They set a “market perform” rating and a $40.00 target price on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $59.00 target price on shares of Miami International in a research report on Tuesday, April 7th. Finally, Wall Street Zen cut Miami International from a “buy” rating to a “hold” rating in a research report on Saturday, March 28th. Four research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $47.60.

Read Our Latest Stock Analysis on Miami International

About Miami International

(Free Report)

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.

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