14,033 Shares in International Money Express, Inc. (NASDAQ:IMXI) Bought by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 14,033 shares of the company’s stock, valued at approximately $292,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IMXI. Arrowstreet Capital Limited Partnership bought a new stake in shares of International Money Express in the 4th quarter valued at $6,098,000. Forager Capital Management LLC boosted its position in International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after acquiring an additional 260,000 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in International Money Express during the third quarter valued at $4,598,000. LPL Financial LLC acquired a new stake in International Money Express during the 4th quarter worth about $4,440,000. Finally, New South Capital Management Inc. raised its position in shares of International Money Express by 22.7% in the 4th quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock worth $23,582,000 after acquiring an additional 209,711 shares in the last quarter. 86.71% of the stock is owned by institutional investors and hedge funds.

International Money Express Stock Performance

NASDAQ IMXI opened at $12.26 on Friday. The company has a market cap of $375.79 million, a P/E ratio of 6.85 and a beta of 1.01. The company has a fifty day simple moving average of $15.79 and a 200 day simple moving average of $18.36. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12-month low of $11.78 and a 12-month high of $22.83.

Analyst Upgrades and Downgrades

Several research firms recently commented on IMXI. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group reduced their price objective on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a research report on Tuesday, March 4th. Finally, Needham & Company LLC dropped their target price on shares of International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.50.

International Money Express 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.