Horizon Kinetics Asset Management Reports $55M Net Share Purchases, Updates on Director's Passing
summarizeSummary
Horizon Kinetics Asset Management, a 10% owner, reported net purchases of approximately $55.3 million in Miami International Holdings shares over the last 60 days, alongside an update regarding the passing of director Murray Stahl.
check_boxKey Events
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Significant Net Share Purchases
Horizon Kinetics Asset Management LLC's managed accounts made net purchases of approximately 1.4 million shares, valued at about $55.3 million, over the past 60 days, indicating a significant investment.
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Update on Director's Passing
The filing formally acknowledges the passing of Murray Stahl on April 7, 2026, who served as a Director of Miami International Holdings and was Chairman, CEO, and CIO of Horizon Kinetics Asset Management LLC. This follows the company's prior 8-K disclosure on April 9, 2026.
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Maintained 12.1% Ownership Stake
Horizon Kinetics Asset Management LLC continues to beneficially own 11,061,399 shares of common stock, representing 12.1% of the outstanding shares as of April 9, 2026.
auto_awesomeAnalysis
This Schedule 13D/A from Horizon Kinetics Asset Management LLC (HKAM), a 10% owner and investment adviser, provides an update following the recent passing of Murray Stahl, who was a director of Miami International Holdings and a key executive at HKAM. While the passing of Mr. Stahl was previously disclosed by the company in an 8-K on April 9, 2026, this filing reveals significant net share purchases by HKAM's managed accounts totaling approximately $55.3 million over the past 60 days. This substantial buying activity indicates continued confidence from a major institutional investor despite the recent leadership change. Investors should note the ongoing accumulation by this significant shareholder.
At the time of this filing, MIAX was trading at $43.48 on NYSE in the Crypto Assets sector, with a market capitalization of approximately $4B. The 52-week trading range was $28.63 to $51.38. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.