ABC Arbitrage SA Acquires New Stake in International Money Express, Inc. $IMXI

ABC Arbitrage SA bought a new position in International Money Express, Inc. (NASDAQ:IMXI) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 179,440 shares of the company’s stock, valued at approximately $2,507,000. ABC Arbitrage SA owned 0.60% of International Money Express at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Forager Capital Management LLC raised its stake in shares of International Money Express by 30.5% in the 2nd quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock worth $19,637,000 after buying an additional 455,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in International Money Express by 1.5% during the second quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after acquiring an additional 12,894 shares during the period. American Century Companies Inc. grew its holdings in International Money Express by 3.0% during the second quarter. American Century Companies Inc. now owns 378,116 shares of the company’s stock worth $3,815,000 after acquiring an additional 10,977 shares during the period. Marshall Wace LLP raised its position in International Money Express by 50.3% in the second quarter. Marshall Wace LLP now owns 318,672 shares of the company’s stock worth $3,215,000 after acquiring an additional 106,585 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in International Money Express by 2.6% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 287,744 shares of the company’s stock valued at $2,903,000 after acquiring an additional 7,256 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

NASDAQ IMXI opened at $15.56 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $18.68. The company has a market cap of $462.44 million, a PE ratio of 12.16 and a beta of 0.87. The stock’s 50-day moving average price is $15.44 and its two-hundred day moving average price is $14.56.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Money Express in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $14.33.

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.