Hsbc Holdings PLC bought a new position in International Money Express, Inc. (NASDAQ:IMXI – Free Report) in the 2nd quarter, Holdings Channel.com reports. The fund bought 795,197 shares of the company’s stock, valued at approximately $11,487,000.
A number of other institutional investors have also modified their holdings of IMXI. Legal & General Group Plc bought a new position in shares of International Money Express during the second quarter worth about $40,000. Raymond James Financial Inc. acquired a new position in International Money Express in the second quarter worth about $40,000. Longfellow Investment Management Co. LLC acquired a new position in International Money Express in the second quarter worth about $70,000. Parallel Advisors LLC increased its holdings in International Money Express by 123.5% in the first quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after buying an additional 3,842 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in International Money Express by 31.2% in the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after buying an additional 1,840 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.
International Money Express Trading Down 0.1%
International Money Express stock opened at $14.47 on Friday. International Money Express, Inc. has a 1 year low of $11.15 and a 1 year high of $15.95. The firm’s 50-day moving average is $13.56 and its 200-day moving average is $14.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. The company has a market cap of $437.14 million, a P/E ratio of 23.34 and a beta of 0.76.
Analyst Ratings Changes
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International Money Express Company Profile
International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.
The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.
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