Kerrisdale Advisers LLC Has $3.61 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Kerrisdale Advisers LLC decreased its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 173,288 shares of the company's stock after selling 31,465 shares during the period. International Money Express accounts for about 1.2% of Kerrisdale Advisers LLC's holdings, making the stock its 21st biggest holding. Kerrisdale Advisers LLC owned 0.56% of International Money Express worth $3,610,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in IMXI. SG Americas Securities LLC lifted its holdings in International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after buying an additional 2,182 shares during the period. Jump Financial LLC acquired a new position in shares of International Money Express in the 4th quarter valued at about $281,000. Integrated Quantitative Investments LLC acquired a new position in shares of International Money Express in the 4th quarter valued at about $292,000. Wells Fargo & Company MN boosted its position in shares of International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock valued at $312,000 after purchasing an additional 5,050 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in International Money Express during the fourth quarter worth approximately $332,000. Institutional investors and hedge funds own 86.71% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on IMXI. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research report on Monday, April 7th. UBS Group reduced their price target on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating for the company in a report on Tuesday, March 4th. Finally, Monness Crespi & Hardt lowered shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $24.50.

International Money Express Stock Down 0.7 %

Shares of NASDAQ IMXI opened at $12.28 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a 1 year low of $11.27 and a 1 year high of $22.38. The stock has a market capitalization of $376.41 million, a P/E ratio of 6.86 and a beta of 1.01. The company has a 50-day moving average price of $13.77 and a 200-day moving average price of $17.71.

International Money Express Company 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.

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