INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC boosted its stake in INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 7,708.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 6,247 shares of the company’s stock after purchasing an additional 6,167 shares during the period. GAMMA Investing LLC’s holdings in INTERNATIONAL MONEY EXPRESS were worth $790,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in INTERNATIONAL MONEY EXPRESS by 11.0% in the 4th quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after purchasing an additional 3,753 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 9.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company’s stock worth $1,331,000 after purchasing an additional 5,597 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of INTERNATIONAL MONEY EXPRESS during the fourth quarter worth $332,000. Wells Fargo & Company MN grew its stake in shares of INTERNATIONAL MONEY EXPRESS by 51.0% during the fourth quarter. Wells Fargo & Company MN now owns 14,960 shares of the company’s stock worth $312,000 after purchasing an additional 5,050 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of INTERNATIONAL MONEY EXPRESS during the fourth quarter worth $429,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. UBS Group lowered their target price on shares of INTERNATIONAL MONEY EXPRESS from $17.00 to $12.00 and set a “neutral” rating for the company in a research note on Friday, May 9th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of INTERNATIONAL MONEY EXPRESS in a research note on Monday, April 7th. Finally, BMO Capital Markets downgraded shares of INTERNATIONAL MONEY EXPRESS from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.60.

INTERNATIONAL MONEY EXPRESS Price Performance

Shares of IMXI opened at $10.05 on Wednesday. The firm has a fifty day moving average price of $11.54 and a 200 day moving average price of $15.60. INTERNATIONAL MONEY EXPRESS, INC. has a 1-year low of $10.03 and a 1-year high of $22.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market cap of $302.81 million, a PE ratio of 5.95 and a beta of 1.08.

INTERNATIONAL MONEY EXPRESS Company Profile

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.