International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Stifel Financial Corp

Stifel Financial Corp trimmed its position in International Money Express, Inc. (NASDAQ:IMXI) by 39.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,853 shares of the company’s stock after selling 12,436 shares during the period. Stifel Financial Corp owned about 0.06% of International Money Express worth $349,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. nVerses Capital LLC lifted its position in shares of International Money Express by 133.3% in the third quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $39,000 after acquiring an additional 1,200 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in International Money Express in the 2nd quarter valued at $91,000. Quarry LP boosted its stake in International Money Express by 113.7% during the 2nd quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after purchasing an additional 2,533 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after buying an additional 5,621 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its position in shares of International Money Express by 973.4% in the second quarter. Cubist Systematic Strategies LLC now owns 18,580 shares of the company’s stock valued at $387,000 after buying an additional 16,849 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Stock Down 1.2 %

International Money Express stock opened at $20.64 on Friday. The company has a market capitalization of $641.88 million, a PE ratio of 11.53 and a beta of 0.88. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. International Money Express, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $23.28. The firm has a 50 day moving average price of $20.21 and a 200 day moving average price of $19.49.

Analyst Ratings Changes

A number of research firms have commented on IMXI. Monness Crespi & Hardt cut their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Needham & Company LLC boosted their price objective on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. Oppenheimer assumed coverage on International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. BMO Capital Markets boosted their price target on shares of International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, Northland Securities lifted their target price on shares of International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.00.

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.