Maltese Capital Management LLC Invests $6.44 Million in Miami International Holdings, Inc. $MIAX

Maltese Capital Management LLC acquired a new position in Miami International Holdings, Inc. (NYSE:MIAX) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 160,000 shares of the company’s stock, valued at approximately $6,442,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. National Bank of Canada FI acquired a new position in Miami International during the 3rd quarter worth $29,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Miami International during the third quarter valued at $101,000. Texas Yale Capital Corp. acquired a new position in shares of Miami International during the third quarter valued at $201,000. Sandia Investment Management LP bought a new stake in shares of Miami International during the third quarter valued at about $266,000. Finally, Limestone Investment Advisors LP acquired a new stake in Miami International in the third quarter worth about $278,000.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MIAX. Zacks Research lowered shares of Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen raised shares of Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Rosenblatt Securities reiterated a “buy” rating and set a $59.00 price objective on shares of Miami International in a research note on Thursday, March 5th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Four equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $48.00.

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl bought 7,200 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was acquired at an average cost of $43.38 per share, with a total value of $312,336.00. Following the completion of the purchase, the director directly owned 4,633,842 shares in the company, valued at approximately $201,016,065.96. This trade represents a 0.16% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Miami International Stock Up 2.6%

Shares of MIAX stock opened at $39.46 on Tuesday. The stock has a 50-day simple moving average of $41.63 and a 200 day simple moving average of $42.55. The stock has a market capitalization of $3.62 billion and a P/E ratio of 73.06. Miami International Holdings, Inc. has a fifty-two week low of $28.63 and a fifty-two week high of $51.38.

Miami International (NYSE:MIAX) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.11. The business had revenue of $369.43 million during the quarter, compared to analyst estimates of $121.13 million. Miami International’s revenue for the quarter was up 14.0% on a year-over-year basis.

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.