GABELLI & Co INVESTMENT ADVISERS INC. Makes New $2.67 Million Investment in International Money Express, Inc. $IMXI

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 191,350 shares of the company’s stock, valued at approximately $2,673,000. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.64% of International Money Express as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of International Money Express in the 2nd quarter valued at approximately $40,000. EMC Capital Management acquired a new stake in shares of International Money Express in the 2nd quarter valued at approximately $92,000. New York State Common Retirement Fund increased its holdings in shares of International Money Express by 7,457.6% in the 3rd quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock valued at $125,000 after purchasing an additional 8,800 shares in the last quarter. Hikari Tsushin Inc. acquired a new stake in shares of International Money Express in the second quarter valued at about $127,000. Finally, Walleye Capital LLC acquired a new stake in shares of International Money Express in the second quarter valued at about $130,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, International Money Express has an average rating of “Hold” and a consensus target price of $14.33.

International Money Express Trading Up 0.1%

Shares of IMXI stock opened at $15.79 on Friday. The firm has a market cap of $469.28 million, a P/E ratio of 12.34 and a beta of 0.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The firm’s 50-day simple moving average is $15.54 and its 200-day simple moving average is $15.07. International Money Express, Inc. has a 1-year low of $8.58 and a 1-year high of $15.81.

International Money Express (NASDAQ:IMXI) last issued its earnings results on Wednesday, March 4th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $147.41 million during the quarter, compared to analysts’ expectations of $162.95 million. International Money Express had a return on equity of 35.45% and a net margin of 6.26%. As a group, equities analysts forecast that International Money Express, Inc. will post 1.97 EPS for the current year.

International Money Express Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.