Olympiad Research LP Invests $964,000 in International Money Express, Inc. $IMXI

Olympiad Research LP acquired a new stake in International Money Express, Inc. (NASDAQ:IMXI) in the 3rd quarter, Holdings Channel reports. The firm acquired 69,013 shares of the company’s stock, valued at approximately $964,000. International Money Express accounts for approximately 1.3% of Olympiad Research LP’s holdings, making the stock its 10th largest holding.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Parallel Advisors LLC raised its holdings in International Money Express by 6,189.8% in the 2nd quarter. Parallel Advisors LLC now owns 3,082 shares of the company’s stock valued at $31,000 after acquiring an additional 3,033 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in International Money Express in the second quarter valued at approximately $40,000. CWM LLC increased its position in International Money Express by 186.5% during the second quarter. CWM LLC now owns 6,624 shares of the company’s stock worth $67,000 after purchasing an additional 4,312 shares during the last quarter. EMC Capital Management purchased a new position in International Money Express during the second quarter worth approximately $92,000. Finally, Hikari Tsushin Inc. acquired a new position in International Money Express in the second quarter valued at $127,000. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $14.33.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $15.51 on Thursday. The business has a 50-day moving average of $15.34 and a two-hundred day moving average of $13.98. International Money Express, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $20.51. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The stock has a market capitalization of $460.96 million, a P/E ratio of 12.12 and a beta of 0.88.

International Money Express 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.