Ballast Asset Management LP Decreases Position in International Money Express, Inc. (NASDAQ:IMXI)

Ballast Asset Management LP lessened its stake in International Money Express, Inc. (NASDAQ:IMXI) by 3.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 208,243 shares of the company’s stock after selling 7,277 shares during the quarter. International Money Express makes up approximately 2.2% of Ballast Asset Management LP’s portfolio, making the stock its 16th biggest holding. Ballast Asset Management LP owned 0.67% of International Money Express worth $4,338,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP lifted its position in shares of International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock valued at $28,788,000 after buying an additional 109,293 shares during the last quarter. Forager Capital Management LLC lifted its holdings 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 purchasing an additional 260,000 shares during the last quarter. New South Capital Management Inc. lifted its holdings in International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company’s stock valued at $23,582,000 after purchasing an additional 209,711 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its position in International Money Express by 17.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the period. Finally, Investment Management Associates Inc. ADV increased its stake in shares of International Money Express by 1.9% in the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock worth $18,731,000 after purchasing an additional 16,530 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 2.5 %

IMXI opened at $12.62 on Tuesday. The firm has a market capitalization of $386.83 million, a P/E ratio of 7.05 and a beta of 0.87. International Money Express, Inc. has a one year low of $12.57 and a one year high of $23.28. The company has a fifty day moving average price of $16.38 and a 200-day moving average price of $18.53. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80.

Analysts Set New Price Targets

IMXI has been the topic of a number of recent research reports. Monness Crespi & Hardt cut shares of International Money Express from a “buy” rating to a “neutral” rating in a research note on Thursday, January 23rd. UBS Group dropped their target price on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Needham & Company LLC reduced their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, International Money Express presently has an average rating of “Hold” and an average 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.