INTERNATIONAL MONEY EXPRESS, INC. $IMXI Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management S.A. has reduced its stake in INTERNATIONAL MONEY EXPRESS by 56.3%, following the sale of 184,465 shares, leaving them with approximately 0.48% ownership valued at $1,447,000.
• Several institutional investors modified their holdings, with Parallel Advisors LLC increasing its position by 6,189.8% during Q2, now owning 3,082 shares.
• The stock has seen varied analyst ratings, with Northland Capital Markets downgrading it to a "hold" and Wall Street Zen upgrading to "buy," leading to a consensus rating of "hold" and a price target of $19.60.

Assenagon Asset Management S.A. lessened its stake in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) by 56.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 143,418 shares of the company's stock after selling 184,465 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.48% of INTERNATIONAL MONEY EXPRESS worth $1,447,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of IMXI. Quarry LP bought a new stake in shares of INTERNATIONAL MONEY EXPRESS during the 1st quarter valued at about $31,000. Parallel Advisors LLC grew its position in INTERNATIONAL MONEY EXPRESS by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company's stock worth $31,000 after purchasing an additional 3,033 shares during the last quarter. New York State Common Retirement Fund grew its position in INTERNATIONAL MONEY EXPRESS by 41.6% in the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after purchasing an additional 3,000 shares during the last quarter. Legato Capital Management LLC bought a new position in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth about $161,000. Finally, HighTower Advisors LLC bought a new position in INTERNATIONAL MONEY EXPRESS in the 1st quarter worth about $161,000. Institutional investors own 86.71% of the company's stock.

INTERNATIONAL MONEY EXPRESS Stock Up 0.1%

Shares of NASDAQ:IMXI opened at $14.21 on Friday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.63 and a current ratio of 1.63. The company has a market cap of $421.75 million, a PE ratio of 8.66 and a beta of 0.96. INTERNATIONAL MONEY EXPRESS, INC. has a 52 week low of $8.58 and a 52 week high of $22.37. The firm has a 50 day simple moving average of $12.94 and a 200 day simple moving average of $11.99.

Wall Street Analyst Weigh In

IMXI has been the subject of several recent analyst reports. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Zacks Research cut shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $19.60.

About INTERNATIONAL MONEY EXPRESS

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.

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