Caxton Associates LLP Invests $1.25 Million in International Money Express, Inc. $IMXI

Caxton Associates LLP purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 78,811 shares of the company’s stock, valued at approximately $1,245,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. bought a new position in shares of International Money Express during the second quarter worth about $40,000. Parallel Advisors LLC increased its holdings in shares of 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 acquiring an additional 3,842 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of International Money Express by 31.2% during the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock valued at $119,000 after acquiring an additional 1,840 shares in the last quarter. Walleye Capital LLC bought a new position in International Money Express during the second quarter worth $130,000. Finally, PenderFund Capital Management Ltd. acquired a new position in International Money Express in the third quarter worth $133,000. Institutional investors own 86.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on IMXI shares. Wall Street Zen lowered shares of International Money Express from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings downgraded shares of International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, International Money Express currently has an average rating of “Reduce”.

International Money Express Stock Down 2.2%

NASDAQ:IMXI opened at $13.03 on Friday. The firm has a market capitalization of $392.07 million, a PE ratio of 15.33 and a beta of 0.75. The stock has a 50 day moving average of $14.47 and a 200-day moving average of $15.26. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $15.95. The company has a current ratio of 2.84, a quick ratio of 2.84 and a debt-to-equity ratio of 1.57.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results 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 company had revenue of $121.95 million during the quarter, compared to the consensus estimate of $141.02 million. International Money Express had a return on equity of 23.26% and a net margin of 4.34%. Analysts predict that International Money Express, Inc. will post 1.95 EPS for the current year.

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.