Glazer Capital LLC Makes New Investment in International Money Express, Inc. $IMXI

Glazer Capital LLC acquired a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 236,211 shares of the company’s stock, valued at approximately $3,413,000.

Other hedge funds have also made changes to their positions in the company. Creative Planning purchased a new position in shares of International Money Express in the second quarter valued at approximately $272,000. Norges Bank acquired a new position in International Money Express in the 2nd quarter valued at $1,124,000. Quantbot Technologies LP raised its stake in International Money Express by 35.5% in 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 lifted its holdings in International Money Express by 2.6% in 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 in the last quarter. Finally, First Trust Advisors LP lifted its holdings in International Money Express by 2.1% in 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 in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Up 1.3%

NASDAQ IMXI opened at $14.49 on Friday. International Money Express, Inc. has a 52 week low of $11.15 and a 52 week high of $15.95. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $13.56 and its 200-day simple moving average is $14.86. The firm has a market cap of $437.74 million, a PE ratio of 23.37 and a beta of 0.76.

Analyst Upgrades and Downgrades

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

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.