DLD Asset Management LP purchased a new position in International Money Express, Inc. (NASDAQ:IMXI – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 101,079 shares of the company’s stock, valued at approximately $1,461,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in International Money Express during the second quarter valued at approximately $40,000. Longfellow Investment Management Co. LLC bought a new stake in shares of International Money Express in the 2nd quarter valued at approximately $70,000. Parallel Advisors LLC raised its holdings in shares of International Money Express by 123.5% in the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after buying an additional 3,842 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after buying an additional 1,840 shares in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of International Money Express during the 2nd quarter worth approximately $130,000. Institutional investors own 86.71% of the company’s stock.
Analysts Set New Price Targets
Several analysts recently commented on IMXI shares. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.
International Money Express Stock Performance
Shares of International Money Express stock opened at $14.12 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.96 and a quick ratio of 1.96. The firm has a 50 day simple moving average of $13.59 and a 200 day simple moving average of $14.90. International Money Express, Inc. has a fifty-two week low of $11.15 and a fifty-two week high of $15.95. The firm has a market cap of $426.57 million, a P/E ratio of 22.77 and a beta of 0.76.
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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