60,200 Shares in International Money Express, Inc. (NASDAQ:IMXI) Bought by 272 Capital LP

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 13F filing with the SEC. The firm purchased 60,200 shares of the company’s stock, valued at approximately $1,113,000. 272 Capital LP owned about 0.19% of International Money Express as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Rhumbline Advisers raised its stake in International Money Express by 1.0% during the second quarter. Rhumbline Advisers now owns 45,877 shares of the company’s stock worth $956,000 after buying an additional 452 shares during the last quarter. SkyView Investment Advisors LLC grew its holdings in International Money Express by 3.2% during the 3rd quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after acquiring an additional 637 shares during the period. nVerses Capital LLC raised its position 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 acquiring an additional 1,200 shares in the last quarter. Foyston Gordon & Payne Inc lifted its stake in shares of International Money Express by 8.2% in the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company’s stock valued at $454,000 after purchasing an additional 1,658 shares during the period. Finally, Riverwater Partners LLC boosted its position in shares of International Money Express by 14.9% during the 2nd quarter. Riverwater Partners LLC now owns 14,833 shares of the company’s stock valued at $309,000 after purchasing an additional 1,926 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

NASDAQ IMXI opened at $21.59 on Friday. The company has a market cap of $671.45 million, a P/E ratio of 12.06 and a beta of 0.88. The company has a fifty day simple moving average of $19.49 and a 200 day simple moving average of $19.49. 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 $16.17 and a 12-month high of $23.28.

Analyst Upgrades and Downgrades

IMXI has been the subject of a number of research analyst reports. Northland Securities lifted their target price on International Money Express from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC raised their price objective on shares of 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 assumed coverage on shares of International Money Express in a research report on Tuesday, October 1st. They set a “market perform” rating on the stock. BMO Capital Markets raised their price target 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. Finally, Monness Crespi & Hardt dropped their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, International Money Express presently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.