NINE MASTS CAPITAL Ltd Makes New Investment in International Money Express, Inc. $IMXI

NINE MASTS CAPITAL Ltd purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 39,192 shares of the company’s stock, valued at approximately $566,000. NINE MASTS CAPITAL Ltd owned about 0.13% of International Money Express as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of IMXI. DGS Capital Management LLC grew its position in International Money Express by 6.7% during the 4th quarter. DGS Capital Management LLC now owns 12,387 shares of the company’s stock worth $190,000 after purchasing an additional 774 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in shares of International Money Express by 31.2% in the fourth quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after buying an additional 1,840 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of International Money Express by 2.1% during the second quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock worth $943,000 after buying an additional 1,881 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of International Money Express by 14.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 16,949 shares of the company’s stock worth $261,000 after buying an additional 2,083 shares during the period. Finally, Water Island Capital LLC grew its holdings in shares of International Money Express by 2.7% during the fourth quarter. Water Island Capital LLC now owns 88,476 shares of the company’s stock valued at $1,359,000 after buying an additional 2,301 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Up 2.1%

International Money Express stock opened at $14.89 on Tuesday. The business’s 50-day moving average price is $13.65 and its 200 day moving average price is $14.93. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.76. The firm has a market cap of $449.83 million, a price-to-earnings ratio of 24.02 and a beta of 0.76. International Money Express, Inc. has a 52 week low of $11.15 and a 52 week high of $15.95.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on IMXI shares. Weiss Ratings restated a “sell (d+)” rating on shares of International Money Express in a research note on Friday, August 7th. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

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.