272 Capital LP Buys New Position in International Money Express, Inc. (NASDAQ:IMXI)

272 Capital LP purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 60,200 shares of the company’s stock, valued at approximately $1,113,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. nVerses Capital LLC boosted its stake in shares of International Money Express by 133.3% in the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $39,000 after buying an additional 1,200 shares during the last quarter. CWM LLC grew its stake in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in shares of International Money Express during the 2nd quarter valued at $91,000. Quarry LP raised its stake in shares of 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 period. Finally, Meeder Asset Management Inc. boosted its holdings in shares of International Money Express by 1,277.5% in the 2nd 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 during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

International Money Express Trading Up 0.5 %

NASDAQ:IMXI opened at $21.59 on Friday. International Money Express, Inc. has a 1 year low of $16.17 and a 1 year high of $23.28. The stock’s fifty day moving average price is $19.49 and its two-hundred day moving average price is $19.49. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $671.45 million, a P/E ratio of 12.06 and a beta of 0.88.

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.