Penserra Capital Management LLC Has $728,000 Stake in International Money Express, Inc. $IMXI

Penserra Capital Management LLC increased its stake in International Money Express, Inc. (NASDAQ:IMXI) by 47.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,249 shares of the company’s stock after purchasing an additional 23,217 shares during the period. Penserra Capital Management LLC’s holdings in International Money Express were worth $728,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Quarry LP bought a new stake in shares of International Money Express in the first quarter valued at about $31,000. Parallel Advisors LLC raised its position in International Money Express by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after buying an additional 3,033 shares during the last quarter. CWM LLC lifted its stake in International Money Express by 186.5% in the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after acquiring an additional 4,312 shares in the last quarter. New York State Common Retirement Fund boosted its position in International Money Express by 41.6% during the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company’s stock worth $129,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Legato Capital Management LLC bought a new position in shares of International Money Express during the 1st quarter worth approximately $161,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.3%

IMXI stock opened at $15.12 on Wednesday. International Money Express, Inc. has a 1-year low of $8.58 and a 1-year high of $22.37. The business’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $12.46. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $449.37 million, a PE ratio of 11.81 and a beta of 0.91.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Wall Street Zen upgraded shares of International Money Express from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. Northland Capmk downgraded International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $14.33.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.