Penserra Capital Management LLC Buys 23,217 Shares of International Money Express, Inc. $IMXI

Penserra Capital Management LLC increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 47.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,249 shares of the company’s stock after purchasing an additional 23,217 shares during the quarter. Penserra Capital Management LLC owned about 0.24% of International Money Express worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP acquired a new position in International Money Express during the 1st quarter worth $31,000. Parallel Advisors LLC raised its position in shares of International Money Express by 6,189.8% during the second quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock worth $31,000 after acquiring an additional 3,033 shares during the last quarter. CWM LLC lifted its stake in shares of International Money Express by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock valued at $67,000 after acquiring an additional 4,312 shares during the period. New York State Common Retirement Fund boosted its holdings in International Money Express by 41.6% in the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company’s stock valued at $129,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Legato Capital Management LLC acquired a new stake in International Money Express in the first quarter worth about $161,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of International Money Express stock opened at $15.12 on Wednesday. The stock’s fifty day simple moving average is $14.59 and its 200 day simple moving average is $12.46. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $449.37 million, a PE ratio of 11.81 and a beta of 0.91. International Money Express, Inc. has a 12 month low of $8.58 and a 12 month high of $22.37.

Analysts Set New Price Targets

A number of research firms have commented on IMXI. Northland Capmk lowered shares of International Money Express from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 8th. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised International Money Express from a “hold” rating to a “buy” rating in a research note on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, International Money Express currently has a consensus rating of “Hold” and a consensus price target of $14.33.

International Money Express Profile

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.