Glazer Capital LLC Buys New Position in International Money Express, Inc. $IMXI

Key Points

• Glazer Capital bought 236,211 shares of International Money Express in the second quarter, valued at approximately $3.4 million and representing about 0.78% of the company.
• Institutional ownership remains high at 86.71%, with several other investment firms also establishing new positions during the quarter.
• IMXI shares recently traded at $14.49, up 1.3%, while analyst sentiment remains cautious: two analysts rate the stock Hold, with no Buy ratings reported.

Glazer Capital LLC purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 236,211 shares of the company's stock, valued at approximately $3,413,000. Glazer Capital LLC owned approximately 0.78% of International Money Express as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the business. PenderFund Capital Management Ltd. purchased a new position in shares of International Money Express in the 2nd quarter valued at approximately $178,000. Platinum Equity Advisors LLC DE acquired a new stake in International Money Express in the 2nd quarter worth approximately $462,631,000. Bank of America Corp DE purchased a new stake in International Money Express during the 2nd quarter worth approximately $381,000. Vazirani Asset Management LLC purchased a new stake in International Money Express during the 2nd quarter worth approximately $1,530,255,000. Finally, Odyssean LLC acquired a new position in International Money Express during the 2nd quarter valued at approximately $190,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Trading Up 1.3%

Shares of International Money Express stock opened at $14.49 on Friday. The firm has a 50-day simple moving average of $13.56 and a two-hundred day simple moving average of $14.86. The company has a market cap of $437.74 million, a P/E ratio of 23.37 and a beta of 0.76. International Money Express, Inc. has a fifty-two week low of $11.15 and a fifty-two week high of $15.95. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.96 and a current ratio of 1.96.

Analyst Ratings Changes

A number of research analysts have issued reports on IMXI shares. Wall Street Zen raised shares of International Money Express from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings raised International Money Express from a "sell (d+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold".

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.

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