International Money Express, Inc. (NASDAQ:IMXI – Get Rating) Director John Rincon sold 11,539 shares of International Money Express stock in a transaction on Friday, May 13th. The shares were sold at an average price of $19.66, for a total value of $226,856.74. Following the completion of the transaction, the director now owns 455,288 shares of the company’s stock, valued at approximately $8,950,962.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
John Rincon also recently made the following trade(s):
- On Wednesday, May 11th, John Rincon sold 11,977 shares of International Money Express stock. The shares were sold at an average price of $19.82, for a total value of $237,384.14.
Shares of International Money Express stock opened at $19.61 on Friday. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.54. International Money Express, Inc. has a 12 month low of $13.78 and a 12 month high of $22.86. The business has a fifty day simple moving average of $20.25 and a 200 day simple moving average of $17.48. The stock has a market cap of $753.81 million, a PE ratio of 15.56 and a beta of 0.57.
Several institutional investors have recently made changes to their positions in IMXI. Catalyst Capital Advisors LLC acquired a new stake in shares of International Money Express during the first quarter worth $26,000. Counterpoint Mutual Funds LLC acquired a new stake in shares of International Money Express during the fourth quarter worth $27,000. Covestor Ltd acquired a new stake in shares of International Money Express during the fourth quarter worth $43,000. Penserra Capital Management LLC acquired a new stake in shares of International Money Express during the first quarter worth $46,000. Finally, Financial Management Professionals Inc. grew its stake in International Money Express by 121.0% in the fourth quarter. Financial Management Professionals Inc. now owns 3,143 shares of the company’s stock valued at $50,000 after acquiring an additional 1,721 shares during the period. 82.49% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on IMXI shares. Credit Suisse Group boosted their target price on International Money Express from $19.00 to $20.50 and gave the stock a “neutral” rating in a research report on Tuesday, March 8th. JMP Securities boosted their target price on International Money Express from $20.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 8th. BTIG Research boosted their target price on International Money Express from $22.00 to $25.00 in a research report on Wednesday, March 16th. Finally, Zacks Investment Research upgraded International Money Express from a “sell” rating to a “buy” rating and set a $22.00 target price for the company in a research report on Friday. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, International Money Express currently has a consensus rating of “Buy” and a consensus target price of $23.10.
International Money Express Company Profile (Get Rating)
International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.
- Get a free copy of the StockNews.com research report on International Money Express (IMXI)
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