International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Boston Partners

Boston Partners trimmed its stake in International Money Express, Inc. (NASDAQ:IMXI) by 1.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 564,623 shares of the company’s stock after selling 6,480 shares during the quarter. Boston Partners owned approximately 1.73% of International Money Express worth $12,739,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Breach Inlet Capital Management LLC purchased a new stake in shares of International Money Express in the fourth quarter valued at $9,736,000. ABS Direct Equity Fund LLC purchased a new position in International Money Express during the 4th quarter valued at about $1,879,000. First Eagle Investment Management LLC increased its holdings in shares of International Money Express by 27.1% in the 1st quarter. First Eagle Investment Management LLC now owns 324,809 shares of the company’s stock valued at $7,415,000 after purchasing an additional 69,250 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of International Money Express in the first quarter worth approximately $562,000. Finally, Voss Capital LLC boosted its holdings in shares of International Money Express by 22.9% during the fourth quarter. Voss Capital LLC now owns 1,680,047 shares of the company’s stock worth $37,112,000 after purchasing an additional 313,135 shares during the period. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Performance

Shares of International Money Express stock traded down $0.70 during trading on Friday, reaching $21.60. The company’s stock had a trading volume of 379,451 shares, compared to its average volume of 219,755. The business’s fifty day moving average price is $20.80 and its 200-day moving average price is $20.98. International Money Express, Inc. has a one year low of $15.76 and a one year high of $23.28. The firm has a market cap of $705.02 million, a price-to-earnings ratio of 12.93 and a beta of 0.84. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.68 and a current ratio of 1.68.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Wednesday, May 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.03. The business had revenue of $150.41 million for the quarter, compared to analyst estimates of $150.60 million. International Money Express had a net margin of 9.02% and a return on equity of 43.75%. As a group, equities research analysts predict that International Money Express, Inc. will post 2.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

IMXI has been the subject of a number of research reports. BMO Capital Markets lifted their target price on shares of International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday, May 9th. BTIG Research started coverage on International Money Express in a research report on Monday, June 3rd. They issued a “buy” rating and a $25.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price target on shares of International Money Express in a research note on Thursday, May 9th. 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, the stock has an average rating of “Moderate Buy” and an average target price of $25.00.

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.