Vazirani Asset Management LLC Purchases New Position in International Money Express, Inc. $IMXI

Vazirani Asset Management LLC acquired a new position in International Money Express, Inc. (NASDAQ:IMXI) in the second quarter, HoldingsChannel.com reports. The firm acquired 105,900 shares of the company’s stock, valued at approximately $1,530,255,000. International Money Express comprises about 7.5% of Vazirani Asset Management LLC’s investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in International Money Express during the 2nd quarter valued at $33,315,000. Alliancebernstein L.P. raised its stake in shares of International Money Express by 6,041.0% in the third quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after purchasing an additional 2,027,344 shares during the last quarter. Magnetar Financial LLC raised its stake in shares of International Money Express by 2.4% in the fourth quarter. Magnetar Financial LLC now owns 1,916,571 shares of the company’s stock worth $29,439,000 after purchasing an additional 44,596 shares during the last quarter. Man Group plc bought a new position in shares of International Money Express during the second quarter valued at $18,097,000. Finally, Fort Baker Capital Management LP bought a new position in shares of International Money Express during the fourth quarter valued at $14,616,000. 86.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Wall Street Zen raised International Money Express from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, International Money Express has an average rating of “Hold”.

International Money Express Stock Performance

Shares of NASDAQ IMXI opened at $14.30 on Thursday. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.76. International Money Express, Inc. has a 12-month low of $11.15 and a 12-month high of $15.95. The firm has a market capitalization of $432.00 million, a price-to-earnings ratio of 23.06 and a beta of 0.76. The firm has a 50 day moving average of $13.55 and a 200 day moving average of $14.87.

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.