Rhumbline Advisers Buys 5,189 Shares of INTERNATIONAL MONEY EXPRESS, INC. $IMXI

Rhumbline Advisers boosted its stake in shares of INTERNATIONAL MONEY EXPRESS, INC. (NASDAQ:IMXI) by 11.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,607 shares of the company’s stock after purchasing an additional 5,189 shares during the period. Rhumbline Advisers owned about 0.17% of INTERNATIONAL MONEY EXPRESS worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in INTERNATIONAL MONEY EXPRESS by 7,708.8% during the first quarter. GAMMA Investing LLC now owns 6,247 shares of the company’s stock valued at $790,000 after buying an additional 6,167 shares during the last quarter. LPL Financial LLC increased its holdings in INTERNATIONAL MONEY EXPRESS by 2.5% during the first quarter. LPL Financial LLC now owns 218,413 shares of the company’s stock valued at $2,756,000 after buying an additional 5,271 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 valued at $1,331,000 after buying an additional 5,597 shares during the last quarter. Ancora Advisors LLC increased its holdings in INTERNATIONAL MONEY EXPRESS by 23.9% during the first quarter. Ancora Advisors LLC now owns 145,618 shares of the company’s stock valued at $1,838,000 after buying an additional 28,109 shares during the last quarter. Finally, HighTower Advisors LLC purchased a new stake in INTERNATIONAL MONEY EXPRESS during the first quarter valued at approximately $161,000. 86.71% of the stock is owned by hedge funds and other institutional investors.

INTERNATIONAL MONEY EXPRESS Price Performance

IMXI stock opened at $14.45 on Tuesday. INTERNATIONAL MONEY EXPRESS, INC. has a 52 week low of $8.58 and a 52 week high of $22.37. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 1.13. The company has a fifty day simple moving average of $12.57 and a two-hundred day simple moving average of $11.95. The firm has a market capitalization of $428.88 million, a P/E ratio of 8.81 and a beta of 0.96.

Wall Street Analysts Forecast Growth

IMXI has been the subject of a number of research reports. Zacks Research cut shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. Northland Capmk cut shares of INTERNATIONAL MONEY EXPRESS from a “strong-buy” rating to a “hold” rating in a report on Monday, August 11th. Finally, Wall Street Zen raised shares of INTERNATIONAL MONEY EXPRESS from a “hold” rating to a “buy” rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, INTERNATIONAL MONEY EXPRESS presently has an average rating of “Hold” and a consensus target price of $19.60.

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.