272 Capital LP Buys Shares of 60,200 International Money Express, Inc. (NASDAQ:IMXI)

272 Capital LP purchased a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 60,200 shares of the company's stock, valued at approximately $1,113,000. 272 Capital LP owned 0.19% of International Money Express as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of IMXI. SkyView Investment Advisors LLC lifted its position in shares of International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after purchasing an additional 637 shares in the last quarter. Barclays PLC increased its stake in International Money Express by 137.1% during the 3rd quarter. Barclays PLC now owns 73,260 shares of the company's stock worth $1,355,000 after buying an additional 42,367 shares during the period. Forager Capital Management LLC increased its stake in International Money Express by 27.1% during the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company's stock worth $22,580,000 after buying an additional 260,000 shares during the period. First Sabrepoint Capital Management LP purchased a new position in International Money Express in the 3rd quarter valued at about $2,752,000. Finally, Bullseye Asset Management LLC grew its stake in shares of International Money Express by 3.1% during the third quarter. Bullseye Asset Management LLC now owns 236,692 shares of the company's stock valued at $4,376,000 after acquiring an additional 7,069 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on IMXI. BMO Capital Markets boosted their price target on International Money Express from $27.00 to $30.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Monness Crespi & Hardt cut their target price on International Money Express from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Needham & Company LLC raised their price target 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. Northland Securities lifted their price target on shares of International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Finally, Oppenheimer initiated coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a "market perform" rating on the stock. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $27.00.

International Money Express Stock Performance

IMXI stock traded down $0.29 during trading on Friday, hitting $21.30. 127,957 shares of the company's stock traded hands, compared to its average volume of 254,379. The stock has a market capitalization of $662.43 million, a price-to-earnings ratio of 11.90 and a beta of 0.88. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The stock has a fifty day moving average price of $19.57 and a two-hundred day moving average price of $19.50. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12.

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.