DekaBank Deutsche Girozentrale Takes $95,000 Position in International Money Express, Inc. (NASDAQ:IMXI)

DekaBank Deutsche Girozentrale purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 4,287 shares of the company’s stock, valued at approximately $95,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC lifted its position in shares of International Money Express by 101.9% during the 1st quarter. FMR LLC now owns 1,070 shares of the company’s stock valued at $28,000 after acquiring an additional 540 shares during the period. Point72 Hong Kong Ltd acquired a new position in shares of International Money Express during the 1st quarter worth approximately $32,000. International Assets Investment Management LLC acquired a new position in shares of International Money Express during the 4th quarter worth approximately $38,000. Penserra Capital Management LLC acquired a new position in shares of International Money Express during the 1st quarter worth approximately $46,000. Finally, Advisor Group Holdings Inc. raised its position in shares of International Money Express by 259.2% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,899 shares of the company’s stock worth $71,000 after purchasing an additional 2,092 shares during the last quarter. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Trading Up 0.2 %

Shares of IMXI opened at $21.31 on Thursday. The stock has a fifty day moving average of $21.30 and a two-hundred day moving average of $20.33. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $718.83 million, a PE ratio of 13.07 and a beta of 0.73. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $26.71.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.04. The company had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million. International Money Express had a return on equity of 42.30% and a net margin of 9.03%. As a group, analysts forecast that International Money Express, Inc. will post 2.05 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on IMXI. Monness Crespi & Hardt began coverage on International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price objective for the company. BMO Capital Markets cut their price objective on International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Buying and Selling at International Money Express

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the transaction, the insider now directly owns 105,677 shares in the company, valued at approximately $2,232,955.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by insiders.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel 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.