DLD Asset Management LP Invests $1.46 Million in International Money Express, Inc. $IMXI

DLD Asset Management LP bought a new position in International Money Express, Inc. (NASDAQ:IMXI) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 101,079 shares of the company’s stock, valued at approximately $1,461,000. DLD Asset Management LP owned 0.34% of International Money Express at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new position in shares of International Money Express in the second quarter worth about $40,000. Longfellow Investment Management Co. LLC acquired a new stake in International Money Express in the 2nd quarter valued at approximately $70,000. Parallel Advisors LLC grew its holdings in International Money Express by 123.5% in the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock valued at $110,000 after buying an additional 3,842 shares during the last quarter. Russell Investments Group Ltd. grew 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 valued at $119,000 after buying an additional 1,840 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in International Money Express in the 2nd quarter worth approximately $130,000. 86.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on IMXI shares. Wall Street Zen upgraded 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 note on Friday. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, International Money Express presently has a consensus rating of “Hold”.

International Money Express Price Performance

Shares of IMXI stock opened at $14.12 on Monday. International Money Express, Inc. has a 12 month low of $11.15 and a 12 month high of $15.95. The company has a market capitalization of $426.57 million, a P/E ratio of 22.77 and a beta of 0.76. The stock has a 50 day moving average of $13.59 and a two-hundred day moving average of $14.90. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76.

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.