65,000 Shares in International Money Express, Inc. $IMXI Purchased by Carlson Capital L.P.

Key Points

• Carlson Capital L.P. opened a new position in International Money Express, buying 65,000 shares worth about $998,000 in the fourth quarter.
• Institutional ownership in IMXI remains high, with 86.71% of shares held by institutions; several other funds also recently increased their stakes significantly.
• Analysts currently view the stock cautiously, with three analysts rating IMXI a Hold and a consensus rating of "Hold".

Carlson Capital L.P. purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,000 shares of the company's stock, valued at approximately $998,000. International Money Express comprises about 0.4% of Carlson Capital L.P.'s investment portfolio, making the stock its 22nd largest holding. Carlson Capital L.P. owned 0.22% of International Money Express as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of IMXI. UBS Group AG raised its stake in shares of International Money Express by 198.3% during the 4th quarter. UBS Group AG now owns 143,427 shares of the company's stock worth $2,203,000 after purchasing an additional 95,351 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of International Money Express by 4.4% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 166,700 shares of the company's stock valued at $2,560,000 after buying an additional 7,000 shares in the last quarter. State of Alaska Department of Revenue bought a new position in shares of International Money Express in the fourth quarter valued at $138,000. Assenagon Asset Management S.A. increased its holdings in International Money Express by 2,440.9% during the fourth quarter. Assenagon Asset Management S.A. now owns 340,402 shares of the company's stock worth $5,229,000 after buying an additional 327,005 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its holdings in International Money Express by 2,255.0% during the third quarter. Tudor Investment Corp ET AL now owns 274,376 shares of the company's stock worth $3,833,000 after buying an additional 262,725 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on IMXI shares. Wall Street Zen raised shares of International Money Express to a "hold" rating in a research report on Saturday, April 18th. Weiss Ratings raised shares of International Money Express from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, March 4th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, International Money Express has a consensus rating of "Hold".

International Money Express Trading Up 0.1%

Shares of International Money Express stock opened at $15.87 on Friday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. The business has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $15.49. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.95. The company has a market capitalization of $477.53 million, a price-to-earnings ratio of 14.69 and a beta of 0.78.

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.

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