North Reef Capital Management LP Buys Shares of 725,804 Miami International Holdings, Inc. $MIAX

North Reef Capital Management LP purchased a new stake in shares of Miami International Holdings, Inc. (NYSE:MIAX) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 725,804 shares of the company’s stock, valued at approximately $29,221,000. Miami International comprises about 1.4% of North Reef Capital Management LP’s holdings, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in MIAX. Maltese Capital Management LLC bought a new stake in Miami International in the 3rd quarter valued at about $6,442,000. Moors & Cabot Inc. bought a new position in Miami International during the third quarter worth about $598,000. National Bank of Canada FI purchased a new position in shares of Miami International in the third quarter worth about $29,000. Millennium Management LLC purchased a new position in shares of Miami International in the third quarter worth about $6,380,000. Finally, Jain Global LLC bought a new stake in shares of Miami International in the third quarter valued at approximately $6,193,000.

Miami International Stock Performance

Shares of Miami International stock opened at $39.46 on Tuesday. The company has a 50-day simple moving average of $41.63 and a two-hundred day simple moving average of $42.55. The stock has a market capitalization of $3.62 billion and a PE ratio of 73.06. Miami International Holdings, Inc. has a 52-week low of $28.63 and a 52-week high of $51.38.

Miami International (NYSE:MIAX) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.11. The firm had revenue of $369.43 million for the quarter, compared to the consensus estimate of $121.13 million. Miami International’s quarterly revenue was up 14.0% compared to the same quarter last year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Rosenblatt Securities reaffirmed a “buy” rating and issued a $59.00 price objective on shares of Miami International in a report on Thursday, March 5th. Zacks Research downgraded Miami International from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen upgraded Miami International from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Miami International in a report on Monday, December 29th. Four 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.00.

Insider Activity at Miami International

In other Miami International news, Director Murray Stahl bought 7,200 shares of Miami International stock in a transaction on Wednesday, March 4th. The stock was acquired at an average price of $43.38 per share, with a total value of $312,336.00. Following the acquisition, the director 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.