Alpine Associates Management Inc. Makes New $5.85 Million Investment in International Money Express, Inc. $IMXI

Alpine Associates Management Inc. bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, according to its most recent filing with the SEC. The firm bought 418,592 shares of the company’s stock, valued at approximately $5,848,000. Alpine Associates Management Inc. owned about 1.41% of International Money Express at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Forager Capital Management LLC raised its position in shares of International Money Express by 30.5% during the second quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock valued at $19,637,000 after buying an additional 455,000 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of International Money Express by 1.5% in the 2nd 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 in the last quarter. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 10,977 shares during the last quarter. Marshall Wace LLP increased its position in International Money Express by 50.3% in the 2nd quarter. Marshall Wace LLP now owns 318,672 shares of the company’s stock valued at $3,215,000 after acquiring an additional 106,585 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its position 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 worth $2,903,000 after purchasing an additional 7,256 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Price Performance

NASDAQ:IMXI opened at $15.55 on Friday. The company has a market cap of $462.15 million, a P/E ratio of 12.15 and a beta of 0.87. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. International Money Express, Inc. has a one year low of $8.58 and a one year high of $18.68. The firm’s fifty day moving average price is $15.45 and its two-hundred day moving average price is $14.57.

Wall Street Analyst Weigh In

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

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.