Carlson Capital L.P. Invests $998,000 in International Money Express, Inc. $IMXI

Carlson Capital L.P. bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the 4th quarter, Holdings Channel reports. The firm bought 65,000 shares of the company’s stock, valued at approximately $998,000. International Money Express accounts for about 0.4% of Carlson Capital L.P.’s investment portfolio, making the stock its 22nd largest holding.

A number of other large investors also recently made changes to their positions in IMXI. Polar Asset Management Partners Inc. bought a new stake in shares of International Money Express in the third quarter valued at approximately $2,096,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in International Money Express during the 3rd quarter worth $2,673,000. Alpine Associates Management Inc. acquired a new position in International Money Express in the 3rd quarter valued at $5,848,000. Credit Industriel ET Commercial acquired a new position in International Money Express in the 3rd quarter valued at $1,006,000. Finally, ABC Arbitrage SA bought a new stake in shares of International Money Express during the 3rd quarter valued at $2,507,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Up 0.1%

Shares of IMXI opened at $15.87 on Friday. The firm has a 50 day simple moving average of $15.83 and a two-hundred day simple moving average of $15.49. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. International Money Express, Inc. has a one year low of $8.58 and a one year high of $15.95. The company has a market cap of $477.53 million, a P/E ratio of 14.69 and a beta of 0.78.

Analyst Ratings Changes

A number of brokerages recently commented on IMXI. Wall Street Zen upgraded International Money Express to a “hold” rating in a research report on Saturday, April 18th. Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, International Money Express has a consensus rating of “Hold”.

International Money Express Company Profile

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.