NINE MASTS CAPITAL Ltd Makes New Investment in International Money Express, Inc. $IMXI

NINE MASTS CAPITAL Ltd purchased a new position in International Money Express, Inc. (NASDAQ:IMXI) in the 2nd quarter, Holdings Channel reports. The firm purchased 39,192 shares of the company’s stock, valued at approximately $566,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. DGS Capital Management LLC boosted its position in shares of International Money Express by 6.7% during the fourth quarter. DGS Capital Management LLC now owns 12,387 shares of the company’s stock valued at $190,000 after buying an additional 774 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in 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. First Trust Advisors LP raised its position 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 worth $943,000 after buying an additional 1,881 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in International Money Express by 14.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 16,949 shares of the company’s stock worth $261,000 after buying an additional 2,083 shares during the last quarter. Finally, Water Island Capital LLC lifted its stake in International Money Express by 2.7% during the 4th quarter. Water Island Capital LLC now owns 88,476 shares of the company’s stock valued at $1,359,000 after acquiring an additional 2,301 shares during the period. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

IMXI stock opened at $14.47 on Monday. The company has a market cap of $437.14 million, a P/E ratio of 23.34 and a beta of 0.76. International Money Express, Inc. has a 1 year low of $11.15 and a 1 year high of $15.95. 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 stock’s fifty day moving average price is $13.56 and its 200-day moving average price is $14.85.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. 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 upgraded shares of International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, International Money Express currently has an average rating of “Hold”.

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.