Robert Lisy Sells 17,448 Shares of International Money Express, Inc. (NASDAQ:IMXI) Stock

International Money Express, Inc. (NASDAQ:IMXI – Get Rating) CEO Robert Lisy sold 17,448 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $19.24, for a total value of $335,699.52. Following the completion of the transaction, the chief executive officer now directly owns 523,538 shares in the company, valued at $10,072,871.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Robert Lisy also recently made the following trade(s):

• On Thursday, May 12th, Robert Lisy sold 38,372 shares of International Money Express stock. The shares were sold at an average price of $19.64, for a total value of $753,626.08.
• On Tuesday, May 10th, Robert Lisy sold 26,708 shares of International Money Express stock. The shares were sold at an average price of $20.00, for a total value of $534,160.00.
• On Thursday, March 10th, Robert Lisy sold 150,000 shares of International Money Express stock. The shares were sold at an average price of $17.74, for a total value of $2,661,000.00.

NASDAQ:IMXI opened at $19.57 on Wednesday. International Money Express, Inc. has a 12-month low of $13.78 and a 12-month high of $22.86. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $752.27 million, a P/E ratio of 15.53 and a beta of 0.57. The stock’s fifty day simple moving average is $20.30 and its 200-day simple moving average is $17.51.

International Money Express (NASDAQ:IMXI – Get Rating) last issued its quarterly earnings results on Monday, March 7th. The company reported $0.38 EPS for the quarter. The company had revenue of $127.18 million for the quarter, compared to analyst estimates of $120.50 million. International Money Express had a return on equity of 41.13% and a net margin of 10.33%. During the same period in the previous year, the company posted $0.27 earnings per share. As a group, equities research analysts expect that International Money Express, Inc. will post 1.62 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in IMXI. Investment Management Associates Inc. ADV acquired a new position in International Money Express during the fourth quarter worth approximately $6,717,000. Wellington Management Group LLP increased its position in International Money Express by 10.0% during the third quarter. Wellington Management Group LLP now owns 3,823,557 shares of the company’s stock worth $63,853,000 after buying an additional 346,491 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in International Money Express during the first quarter worth approximately $5,691,000. Voss Capital LLC increased its position in International Money Express by 31.1% during the third quarter. Voss Capital LLC now owns 1,005,000 shares of the company’s stock worth $16,783,000 after buying an additional 238,533 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in International Money Express by 112.3% during the first quarter. Dimensional Fund Advisors LP now owns 335,865 shares of the company’s stock worth $6,922,000 after buying an additional 177,640 shares during the last quarter. 82.49% of the stock is currently owned by hedge funds and other institutional investors.

IMXI has been the subject of several analyst reports. BTIG Research raised their target price on International Money Express from $22.00 to $25.00 in a research report on Wednesday, March 16th. Credit Suisse Group lifted their target price on International Money Express from $19.00 to $20.50 and gave the company a “neutral” rating in a research note on Tuesday, March 8th. JMP Securities lifted their target price on International Money Express from $20.00 to $24.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 8th. Finally, Zacks Investment Research upgraded International Money Express from a “sell” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, May 13th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, International Money Express currently has a consensus rating of “Buy” and an average 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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