Forager Capital Management LLC increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,221,174 shares of the company's stock after buying an additional 260,000 shares during the quarter. International Money Express accounts for 8.9% of Forager Capital Management LLC's investment portfolio, making the stock its 7th largest holding. Forager Capital Management LLC owned 3.93% of International Money Express worth $22,580,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also bought and sold shares of the stock. CWM LLC grew its stake in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company's stock valued at $71,000 after purchasing an additional 2,269 shares during the period. SG Americas Securities LLC bought a new position in International Money Express in the 2nd quarter valued at $364,000. Riverwater Partners LLC grew its stake in International Money Express by 14.9% in 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 during the period. Summit Global Investments bought a new position in International Money Express in the 2nd quarter valued at $247,000. Finally, Kirr Marbach & Co. LLC IN lifted its position in shares of International Money Express by 64.0% during the 2nd quarter. Kirr Marbach & Co. LLC IN now owns 25,620 shares of the company's stock valued at $534,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 86.71% of the company's stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Northland Securities upped their price target on International Money Express from $23.00 to $27.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. Oppenheimer assumed coverage on International Money Express in a research report on Tuesday, October 1st. They set a "market perform" rating on the stock. BMO Capital Markets upped their price target 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. Needham & Company LLC upped their price target on International Money Express from $22.00 to $25.00 and gave the company a "buy" rating in a research report on Tuesday, November 12th. Finally, Monness Crespi & Hardt dropped their price target 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. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $27.00.
Get Our Latest Analysis on International Money Express
International Money Express Price Performance
NASDAQ IMXI traded up $0.14 during trading hours on Wednesday, hitting $21.56. The company had a trading volume of 69,344 shares, compared to its average volume of 255,094. International Money Express, Inc. has a 52 week low of $16.17 and a 52 week high of $23.28. The firm has a 50 day simple moving average of $19.32 and a 200 day simple moving average of $19.47. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80. The firm has a market capitalization of $670.49 million, a price-to-earnings ratio of 11.97 and a beta of 0.88.
International Money Express Company Profile
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Free Report)
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.
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