39,192 Shares in International Money Express, Inc. $IMXI Purchased by NINE MASTS CAPITAL Ltd

NINE MASTS CAPITAL Ltd purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 39,192 shares of the company’s stock, valued at approximately $566,000. NINE MASTS CAPITAL Ltd owned 0.13% of International Money Express at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of IMXI. BlackRock Inc. bought a new position in shares of International Money Express during the second quarter valued at approximately $33,315,000. Alliancebernstein L.P. lifted its holdings in shares of International Money Express by 6,041.0% during the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock valued at $28,791,000 after purchasing an additional 2,027,344 shares during the last quarter. Man Group plc bought a new stake in shares of International Money Express in the 2nd quarter worth approximately $18,097,000. Fort Baker Capital Management LP bought a new stake in shares of International Money Express in the 4th quarter worth approximately $14,616,000. Finally, Hsbc Holdings PLC purchased a new stake in shares of International Money Express in the 2nd quarter worth approximately $11,487,000. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IMXI shares. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

International Money Express Price Performance

NASDAQ:IMXI opened at $14.47 on Monday. The firm has a market cap of $437.14 million, a P/E ratio of 23.34 and a beta of 0.76. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96. 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 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $14.85.

About International Money Express

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.