International Money Express (NASDAQ:IMXI) Stock Sees Unusually High Put Option Buying

International Money Express, Inc. (NASDAQ:IMXI) saw some unusual options trading activity on Wednesday. Stock traders purchased 2,194 put options on the stock. This is an increase of 98% compared to the typical volume of 1,110 put options.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in shares of International Money Express during the 2nd quarter worth about $33,315,000. Man Group plc acquired a new stake in shares of International Money Express in the 2nd quarter worth $18,097,000. Hsbc Holdings PLC purchased a new position in International Money Express during the second quarter worth about $11,487,000. Alberta Investment Management Corp purchased a new position in International Money Express in the second quarter worth approximately $11,173,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in shares of International Money Express during the 2nd quarter worth about $10,182,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on IMXI shares. Weiss Ratings downgraded International Money Express from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, October 6th. Wall Street Zen upgraded International Money Express from a “sell” rating to a “hold” rating in a report on Saturday, August 15th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has an average rating of “Sell”.

International Money Express Stock Performance

Shares of NASDAQ:IMXI traded down $0.17 during midday trading on Wednesday, reaching $6.32. The company’s stock had a trading volume of 3,345,046 shares, compared to its average volume of 521,284. The firm has a market capitalization of $190.81 million, a PE ratio of 10.71 and a beta of 0.83. International Money Express has a twelve month low of $6.17 and a twelve month high of $15.95. The stock has a fifty day moving average of $11.15 and a 200 day moving average of $13.96. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.76.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings results on Monday, November 9th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $126.40 million during the quarter, compared to the consensus estimate of $130.37 million. International Money Express had a return on equity of 14.26% and a net margin of 3.41%.

International Money Express Company Profile

International Money Express, Inc. (NASDAQ: IMXI), operating under the Intermex brand, is a financial technology company that provides international money transfer services. The company enables consumers, particularly immigrants and other underserved customers, to send funds across borders through retail agent locations and digital channels. Intermex primarily serves money-transfer corridors from the United States and Canada to countries in Latin America, the Caribbean and other international markets.