First Sabrepoint Capital Management LP Purchases Shares of 148,821 International Money Express, Inc. (NASDAQ:IMXI)

First Sabrepoint Capital Management LP acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 148,821 shares of the company's stock, valued at approximately $2,752,000. International Money Express makes up about 0.8% of First Sabrepoint Capital Management LP's portfolio, making the stock its 29th largest position. First Sabrepoint Capital Management LP owned approximately 0.48% 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 IMXI. Rhumbline Advisers increased 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 acquiring an additional 452 shares during the last quarter. nVerses Capital LLC increased its position in shares of International Money Express by 133.3% during the 3rd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $39,000 after purchasing an additional 1,200 shares during the last quarter. Foyston Gordon & Payne Inc raised its holdings in International Money Express by 8.2% during the 2nd quarter. Foyston Gordon & Payne Inc now owns 21,798 shares of the company's stock valued at $454,000 after buying an additional 1,658 shares during the period. Riverwater Partners LLC lifted its position in International Money Express by 14.9% in the second quarter. Riverwater Partners LLC now owns 14,833 shares of the company's stock worth $309,000 after buying an additional 1,926 shares during the last quarter. Finally, CWM LLC boosted its stake in International Money Express by 201.7% during the second quarter. CWM LLC now owns 3,394 shares of the company's stock worth $71,000 after buying an additional 2,269 shares during the period. 86.71% of the stock is currently owned by institutional investors.

International Money Express Stock Up 0.2 %

Shares of IMXI stock traded up $0.05 during mid-day trading on Tuesday, hitting $21.38. The stock had a trading volume of 136,330 shares, compared to its average volume of 255,679. International Money Express, Inc. has a 12-month low of $16.17 and a 12-month high of $23.28. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The firm's 50-day moving average is $19.24 and its two-hundred day moving average is $19.46. The firm has a market capitalization of $664.90 million, a P/E ratio of 11.92 and a beta of 0.88.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on IMXI shares. Needham & Company LLC increased their target price on shares of International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a research note on Tuesday, November 12th. Monness Crespi & Hardt reduced 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 research report on Monday, November 4th. BMO Capital Markets boosted their target price on International Money Express from $27.00 to $30.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Oppenheimer began coverage on International Money Express in a report on Tuesday, October 1st. They issued a "market perform" rating on the stock. Finally, Northland Securities raised their price target on International Money Express from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, International Money Express presently has an average rating of "Moderate Buy" and a consensus price target 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.