Barclays PLC lifted its position in International Money Express, Inc. (NASDAQ:IMXI – Free Report) by 88.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,843 shares of the company’s stock after purchasing an additional 7,430 shares during the quarter. Barclays PLC’s holdings in International Money Express were worth $408,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Riverbridge Partners LLC purchased a new position in International Money Express in the first quarter worth $26,865,000. Portolan Capital Management LLC grew its position in International Money Express by 115.9% in the fourth quarter. Portolan Capital Management LLC now owns 915,390 shares of the company’s stock worth $22,308,000 after acquiring an additional 491,428 shares in the last quarter. Steamboat Capital Partners LLC grew its position in International Money Express by 33.0% in the fourth quarter. Steamboat Capital Partners LLC now owns 1,330,977 shares of the company’s stock worth $32,436,000 after acquiring an additional 330,242 shares in the last quarter. Alta Fox Capital Management LLC purchased a new stake in International Money Express during the fourth quarter valued at about $7,881,000. Finally, Voss Capital LLC grew its stake in shares of International Money Express by 29.6% during the fourth quarter. Voss Capital LLC now owns 1,276,577 shares of the company’s stock valued at $31,110,000 after buying an additional 291,577 shares during the last quarter. Institutional investors own 84.81% of the company’s stock.
Analysts Set New Price Targets
IMXI has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $35.00 price objective on shares of International Money Express in a research note on Friday, June 30th. JMP Securities cut International Money Express from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 3rd. Finally, Northland Securities reduced their price objective on International Money Express from $28.00 to $25.00 in a research note on Thursday, August 3rd.
International Money Express Stock Performance
Shares of IMXI opened at $17.65 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.29 and a quick ratio of 2.29. International Money Express, Inc. has a one year low of $17.11 and a one year high of $28.24. The company has a 50-day simple moving average of $22.13 and a two-hundred day simple moving average of $23.81. The firm has a market capitalization of $625.16 million, a PE ratio of 11.69 and a beta of 0.46.
International Money Express (NASDAQ:IMXI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 2nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). International Money Express had a return on equity of 43.09% and a net margin of 9.33%. The company had revenue of $169.15 million during the quarter, compared to analysts’ expectations of $171.35 million. On average, analysts anticipate that International Money Express, Inc. will post 1.92 EPS for the current fiscal year.
International Money Express Company Profile
International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. 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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