Capula Management Ltd Buys New Position in International Money Express, Inc. $IMXI

Capula Management Ltd bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the first quarter, Holdings Channel.com reports. The fund bought 630,191 shares of the company’s stock, valued at approximately $9,957,000.

Several other institutional investors also recently added to or reduced their stakes in IMXI. Creative Planning acquired a new stake in shares of International Money Express in the second quarter worth $272,000. Norges Bank bought a new position in International Money Express during the second quarter worth $1,124,000. Quantbot Technologies LP raised its stake in International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock valued at $327,000 after purchasing an additional 8,487 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after purchasing an additional 7,256 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after purchasing an additional 1,881 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IMXI shares. Weiss Ratings lowered shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Reduce”.

International Money Express Stock Performance

NASDAQ:IMXI opened at $13.32 on Friday. The firm has a market capitalization of $400.80 million, a PE ratio of 15.67 and a beta of 0.75. The company has a quick ratio of 2.84, a current ratio of 2.84 and a debt-to-equity ratio of 1.57. International Money Express, Inc. has a 12-month low of $8.58 and a 12-month high of $15.95. The firm has a 50-day moving average price of $14.52 and a 200 day moving average price of $15.28.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings data on Monday, May 11th. The company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). The company had revenue of $121.95 million for the quarter, compared to analyst estimates of $141.02 million. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. Research analysts anticipate that International Money Express, Inc. will post 1.95 earnings per share for the current fiscal year.

International Money Express 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.