Insider Selling: International Money Express, Inc. (NASDAQ:IMXI) Director Sells 11,539 Shares of Stock

International Money Express, Inc. (NASDAQ:IMXIGet 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.

International Money Express (NASDAQ:IMXIGet Rating) last announced its quarterly earnings data on Monday, March 7th. The company reported $0.38 EPS for the quarter. International Money Express had a return on equity of 41.13% and a net margin of 10.33%. The business had revenue of $127.18 million during the quarter, compared to analysts’ expectations of $120.50 million. During the same period in the previous year, the firm earned $0.27 earnings per share. Analysts expect that International Money Express, Inc. will post 1.62 EPS for the current fiscal year.

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.

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