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

Mint Tower Capital Management B.V. raised its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 12,761.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 40,000 shares of the company’s stock after buying an additional 39,689 shares during the period. Mint Tower Capital Management B.V.’s holdings in International Money Express were worth $614,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new position in International Money Express during the 2nd quarter valued at about $40,000. New York State Common Retirement Fund increased its stake in International Money Express by 7,457.6% during the 3rd quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock valued at $125,000 after buying an additional 8,800 shares during the period. Walleye Capital LLC acquired a new position in International Money Express during the 2nd quarter valued at about $130,000. PenderFund Capital Management Ltd. acquired a new position in International Money Express during the 3rd quarter valued at about $133,000. Finally, State of Alaska Department of Revenue acquired a new position in International Money Express during the 4th quarter valued at about $138,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Analyst Ratings Changes

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

International Money Express Stock Performance

Shares of IMXI opened at $14.88 on Friday. The firm’s 50 day moving average is $15.54 and its 200-day moving average is $15.54. The stock has a market capitalization of $447.74 million, a P/E ratio of 17.51 and a beta of 0.75. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. International Money Express, Inc. has a 12-month low of $8.58 and a 12-month high of $15.95.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.28). The business had revenue of $121.95 million during the quarter, compared to analyst estimates of $141.02 million. International Money Express had a return on equity of 23.26% and a net margin of 4.34%. Equities research analysts anticipate that International Money Express, Inc. will post 1.86 EPS for the current fiscal year.

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.