PDT Partners LLC Invests $464,000 in International Money Express, Inc. $IMXI

Key Points

• PDT Partners LLC acquired a new stake in International Money Express, Inc. (NASDAQ: IMXI), purchasing 36,769 shares valued at approximately $464,000.
• Analysts have recently downgraded the stock, with Northland Capital and Zacks Research reducing ratings, while UBS Group has decreased its price target to $12.00.
• As of the latest report, the stock is trading at $14.57, with a market capitalization of approximately $432.44 million and a price-to-earnings ratio of 8.88.

PDT Partners LLC bought a new stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 36,769 shares of the company's stock, valued at approximately $464,000. PDT Partners LLC owned 0.12% of International Money Express at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of IMXI. Rhumbline Advisers grew its position in International Money Express by 11.4% in the 1st quarter. Rhumbline Advisers now owns 50,607 shares of the company's stock valued at $639,000 after buying an additional 5,189 shares during the last quarter. GAMMA Investing LLC grew its position in International Money Express by 7,708.8% in the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock valued at $790,000 after buying an additional 6,167 shares during the last quarter. LPL Financial LLC grew its position in International Money Express by 2.5% in the 1st quarter. LPL Financial LLC now owns 218,413 shares of the company's stock valued at $2,756,000 after buying an additional 5,271 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in International Money Express by 9.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company's stock valued at $1,331,000 after buying an additional 5,597 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new position in International Money Express in the 1st quarter valued at $161,000. 86.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on IMXI. Northland Capmk lowered 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 lowered shares of International Money Express from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.60.

International Money Express Price Performance

Shares of NASDAQ IMXI traded down $0.02 during trading on Wednesday, hitting $14.49. 25,519 shares of the company were exchanged, compared to its average volume of 440,964. The company has a market cap of $429.97 million, a price-to-earnings ratio of 8.83 and a beta of 0.96. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $22.37. The firm's fifty day moving average price is $11.85 and its 200 day moving average price is $12.04. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

International Money Express Profile

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.