Credit Industriel ET Commercial Invests $1.01 Million in International Money Express, Inc. $IMXI

Credit Industriel ET Commercial bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, according to its most recent filing with the SEC. The firm bought 72,000 shares of the company’s stock, valued at approximately $1,006,000. Credit Industriel ET Commercial owned about 0.24% of International Money Express at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the company. Forager Capital Management LLC boosted its holdings in International Money Express by 30.5% during the second quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock valued at $19,637,000 after acquiring an additional 455,000 shares during the period. Geode Capital Management LLC lifted its position in shares of International Money Express by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after purchasing an additional 12,894 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in International Money Express during the 3rd quarter valued at approximately $5,848,000. American Century Companies Inc. grew its holdings in International Money Express by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 378,116 shares of the company’s stock valued at $3,815,000 after buying an additional 10,977 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in International Money Express by 50.3% in the 2nd quarter. Marshall Wace LLP now owns 318,672 shares of the company’s stock valued at $3,215,000 after buying an additional 106,585 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of International Money Express in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, International Money Express has a consensus rating of “Hold” and an average price target of $14.33.

International Money Express Price Performance

Shares of NASDAQ:IMXI opened at $15.57 on Monday. The firm has a market capitalization of $462.74 million, a PE ratio of 12.16 and a beta of 0.87. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.17. International Money Express, Inc. has a 1-year low of $8.58 and a 1-year high of $18.68. The business’s 50 day moving average is $15.45 and its 200-day moving average is $14.69.

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.