International Money Express, Inc. $IMXI Shares Bought by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. grew its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI) by 12,761.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 40,000 shares of the company’s stock after purchasing an additional 39,689 shares during the period. Mint Tower Capital Management B.V. owned 0.13% of International Money Express worth $614,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning acquired a new stake in shares of International Money Express during the 2nd quarter worth approximately $272,000. Norges Bank acquired a new stake in shares of International Money Express during the 2nd quarter worth approximately $1,124,000. Quantbot Technologies LP raised its position in shares of International Money Express by 35.5% during the 2nd quarter. Quantbot Technologies LP now owns 32,423 shares of the company’s stock worth $327,000 after purchasing an additional 8,487 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of International Money Express by 2.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock worth $2,903,000 after purchasing an additional 7,256 shares during the period. Finally, First Trust Advisors LP raised its position in shares of International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after purchasing an additional 1,881 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Up 1.4%

IMXI stock opened at $14.88 on Friday. 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 fifty-two week low of $8.58 and a fifty-two week high of $15.95. The firm’s 50-day simple moving average is $15.54 and its 200 day simple moving average is $15.54. The stock has a market cap of $447.74 million, a PE ratio of 17.51 and a beta of 0.75.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.28). International Money Express had a net margin of 4.34% and a return on equity of 23.26%. The business had revenue of $121.95 million during the quarter, compared to analyst estimates of $141.02 million. As a group, sell-side analysts predict that International Money Express, Inc. will post 1.86 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Weiss Ratings cut International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut shares of International Money Express from a “hold” rating to a “sell” rating in a report on Sunday, June 7th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

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.