Vazirani Asset Management LLC Makes New Investment in International Money Express, Inc. $IMXI

Key Points

• Vazirani Asset Management initiated a 105,900-share position in International Money Express during the second quarter, worth approximately $1.53 million and representing 0.35% of IMXI’s outstanding shares.
• Several other institutional investors also established new positions, contributing to institutional ownership of 86.71% of the company’s stock.
• Analysts maintain a generally neutral view, with the stock receiving an average “Hold” rating. IMXI was trading at $14.30, up 1.6%, with a market capitalization of approximately $432 million.

Vazirani Asset Management LLC bought a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 105,900 shares of the company's stock, valued at approximately $1,530,255,000. International Money Express accounts for about 7.5% of Vazirani Asset Management LLC's holdings, making the stock its 6th largest holding. Vazirani Asset Management LLC owned 0.35% of International Money Express as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Odyssean LLC bought a new position in International Money Express in the 2nd quarter worth $190,000. Man Group plc bought a new position in International Money Express in the second quarter worth about $18,097,000. Polar Asset Management Partners Inc. purchased a new stake in International Money Express in the second quarter worth about $10,182,000. Hsbc Holdings PLC purchased a new stake in International Money Express in the second quarter worth about $11,487,000. Finally, Legal & General Group Plc bought a new stake in International Money Express during the 2nd quarter valued at approximately $40,000. Institutional investors own 86.71% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IMXI shares. Wall Street Zen upgraded International Money Express from a "sell" rating to a "hold" rating in a report on Saturday, August 15th. Weiss Ratings upgraded 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, According to data from MarketBeat, the stock currently has an average rating of "Hold".

International Money Express Trading Up 1.6%

NASDAQ IMXI opened at $14.30 on Thursday. International Money Express, Inc. has a 12 month low of $11.15 and a 12 month high of $15.95. The stock has a market cap of $432.00 million, a P/E ratio of 23.06 and a beta of 0.76. The stock's fifty day moving average price is $13.55 and its 200-day moving average price is $14.87. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76.

About International Money Express

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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