KLP Kapitalforvaltning AS Takes Position in International Money Express, Inc. (NASDAQ:IMXI)

KLP Kapitalforvaltning AS bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 20,600 shares of the company's stock, valued at approximately $429,000. KLP Kapitalforvaltning AS owned about 0.07% of International Money Express at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its stake in shares of International Money Express by 23.4% during the 4th 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 last quarter. Proficio Capital Partners LLC acquired a new stake in International Money Express during the fourth quarter worth about $332,000. Intech Investment Management LLC acquired a new stake in International Money Express during the fourth quarter worth about $339,000. SkyView Investment Advisors LLC raised its position in International Money Express by 3.2% during the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock valued at $374,000 after acquiring an additional 637 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new position in International Money Express in the third quarter valued at approximately $633,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Price Performance

IMXI stock traded up $0.88 during mid-day trading on Wednesday, reaching $12.34. The company's stock had a trading volume of 329,952 shares, compared to its average volume of 269,756. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 1.12. The company's 50 day moving average is $15.32 and its two-hundred day moving average is $18.21. International Money Express, Inc. has a fifty-two week low of $11.14 and a fifty-two week high of $22.38. The stock has a market cap of $378.25 million, a PE ratio of 6.89 and a beta of 1.01.

Analyst Upgrades and Downgrades

IMXI has been the subject of several recent research reports. UBS Group cut their target price 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. Needham & Company LLC reiterated a "buy" rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday. Finally, Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research report on Thursday, January 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $24.50.

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.