Yakira Capital Management Inc. Makes New Investment in International Money Express, Inc. $IMXI

Yakira Capital Management Inc. purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 34,675 shares of the company’s stock, valued at approximately $484,000. Yakira Capital Management Inc. owned approximately 0.12% of International Money Express as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of IMXI. Envestnet Asset Management Inc. lifted its holdings in shares of International Money Express by 89.2% in the second quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after buying an additional 18,984 shares during the period. Penserra Capital Management LLC boosted its stake in International Money Express by 47.4% during the second quarter. Penserra Capital Management LLC now owns 72,249 shares of the company’s stock valued at $728,000 after buying an additional 23,217 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in International Money Express by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock worth $141,000 after acquiring an additional 2,224 shares during the period. Geode Capital Management LLC grew its holdings in International Money Express by 1.5% during the second quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after acquiring an additional 12,894 shares during the period. Finally, Creative Planning bought a new stake in International Money Express in the second quarter worth about $272,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Price Performance

NASDAQ IMXI opened at $15.79 on Monday. The stock has a market capitalization of $469.26 million, a P/E ratio of 14.62 and a beta of 0.86. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.81. The business’s fifty day moving average is $15.54 and its two-hundred day moving average is $15.08. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.03 and a current ratio of 2.03.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.12). The company had revenue of $147.41 million for the quarter, compared to the consensus estimate of $162.95 million. International Money Express had a return on equity of 29.87% and a net margin of 5.38%. On average, research analysts forecast that International Money Express, Inc. will post 1.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One research analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $14.33.

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.