91,811 Shares in International Money Express, Inc. $IMXI Bought by BCK Capital Management LP

BCK Capital Management LP bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 91,811 shares of the company’s stock, valued at approximately $1,283,000. International Money Express accounts for about 1.4% of BCK Capital Management LP’s investment portfolio, making the stock its 27th largest holding. BCK Capital Management LP owned approximately 0.31% of International Money Express at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. First Trust Advisors LP raised its holdings in International Money Express by 2.1% during the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after buying an additional 1,881 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of International Money Express by 19.0% during the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock valued at $141,000 after acquiring an additional 2,224 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of International Money Express in the 2nd quarter valued at approximately $40,000. CWM LLC boosted its stake in International Money Express by 186.5% in the 2nd quarter. CWM LLC now owns 6,624 shares of the company’s stock worth $67,000 after purchasing an additional 4,312 shares during the period. Finally, Magnetar Financial LLC grew its position in International Money Express by 10.7% during the 2nd quarter. Magnetar Financial LLC now owns 50,859 shares of the company’s stock worth $513,000 after purchasing an additional 4,914 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Trading Up 1.2%

Shares of NASDAQ IMXI opened at $15.69 on Friday. The business has a 50 day simple moving average of $15.47 and a 200 day simple moving average of $14.84. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $18.48. The stock has a market cap of $466.31 million, a price-to-earnings ratio of 12.26 and a beta of 0.87. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.03 and a current ratio of 2.03.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, International Money Express presently has an average rating of “Hold” and an average target price 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.