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

272 Capital LP purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 21,085 shares of the company’s stock, valued at approximately $390,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. nVerses Capital LLC lifted its stake in shares of International Money Express by 133.3% during 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 boosted its holdings in shares of International Money Express by 201.7% during the second quarter. CWM LLC now owns 3,394 shares of the company’s stock worth $71,000 after acquiring an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of International Money Express in the second quarter valued at approximately $91,000. Quarry LP increased its stake in shares of International Money Express by 113.7% during the second 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. lifted its holdings in International Money Express by 1,277.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock worth $126,000 after purchasing an additional 5,621 shares during the last quarter. 86.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Needham & Company LLC increased their price objective on International Money Express from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Tuesday, November 12th. Oppenheimer started coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. Monness Crespi & Hardt cut their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a report on Monday, November 4th. Northland Securities raised their target price 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. Finally, BMO Capital Markets boosted their price target on International Money Express from $27.00 to $30.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $27.00.

International Money Express Trading Down 0.1 %

Shares of IMXI stock opened at $21.07 on Friday. International Money Express, Inc. has a fifty-two week low of $16.17 and a fifty-two week high of $23.28. The stock’s fifty day moving average price is $18.93 and its two-hundred day moving average price is $19.45. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market cap of $655.28 million, a PE ratio of 11.77 and a beta of 0.82.

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.