Mork Capital Management LLC Acquires Shares of 70,000 INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Key Points

• Mork Capital Management LLC has acquired 70,000 shares of INTERNATIONAL MONEY EXPRESS, INC., valued at approximately $883,000, increasing its stake to 0.23% of the company.
• During the first quarter, several institutional investors raised their holdings in INTERNATIONAL MONEY EXPRESS, with Breach Inlet Capital Management increasing its shares by 32.8%.
• Analyst ratings for the stock are mixed, with two analysts giving it a "Buy" rating, while others have downgraded it to "Hold" or "Sell," reflecting varying opinions on its market performance.

Mork Capital Management LLC purchased a new position in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund purchased 70,000 shares of the company's stock, valued at approximately $883,000. Mork Capital Management LLC owned 0.23% of INTERNATIONAL MONEY EXPRESS at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Quarry LP bought a new position in INTERNATIONAL MONEY EXPRESS during the first quarter worth about $31,000. New York State Common Retirement Fund grew its holdings in shares of 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 valued at $129,000 after buying an additional 3,000 shares during the period. Legato Capital Management LLC acquired a new stake in INTERNATIONAL MONEY EXPRESS during the 1st quarter worth $161,000. HighTower Advisors LLC acquired a new position in INTERNATIONAL MONEY EXPRESS in the first quarter valued at about $161,000. Finally, Aigen Investment Management LP bought a new stake in shares of INTERNATIONAL MONEY EXPRESS in the first quarter worth about $196,000. 86.71% of the stock is owned by institutional investors.

INTERNATIONAL MONEY EXPRESS Stock Performance

IMXI stock traded up $0.06 during trading hours on Tuesday, reaching $14.50. The stock had a trading volume of 453,812 shares, compared to its average volume of 816,521. The stock has a 50-day simple moving average of $11.85 and a 200 day simple moving average of $12.04. INTERNATIONAL MONEY EXPRESS, INC. has a fifty-two week low of $8.58 and a fifty-two week high of $22.37. The stock has a market capitalization of $430.36 million, a PE ratio of 7.64 and a beta of 0.96. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on IMXI shares. Zacks Research downgraded shares of INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Wall Street Zen raised INTERNATIONAL MONEY EXPRESS from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Finally, Northland Capmk downgraded INTERNATIONAL MONEY EXPRESS from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average 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.