International Money Express, Inc. (NASDAQ:IMXI) Shares Purchased by Royce & Associates LP

Royce & Associates LP raised its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 644,710 shares of the company's stock after acquiring an additional 87,521 shares during the quarter. Royce & Associates LP owned approximately 2.07% of International Money Express worth $13,429,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP increased its position in International Money Express by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company's stock worth $28,788,000 after purchasing an additional 109,293 shares in the last quarter. Forager Capital Management LLC boosted its stake in shares of 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 purchasing an additional 260,000 shares during the last quarter. New South Capital Management Inc. grew its holdings in shares of International Money Express by 22.7% during the fourth quarter. New South Capital Management Inc. now owns 1,132,107 shares of the company's stock worth $23,582,000 after buying an additional 209,711 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in shares of International Money Express by 17.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company's stock valued at $18,396,000 after buying an additional 145,686 shares during the last quarter. Finally, Investment Management Associates Inc. ADV lifted its stake in shares of International Money Express by 1.9% during the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock valued at $18,731,000 after buying an additional 16,530 shares during the period. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several analysts have commented on IMXI shares. UBS Group lowered 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 research note on Tuesday, March 4th. Needham & Company LLC decreased their price objective on International Money Express from $25.00 to $20.00 and set a "buy" rating on the stock in a report on Monday, March 3rd. Finally, Monness Crespi & Hardt lowered International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Four equities research 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, the company presently has an average rating of "Hold" and a consensus target price of $24.50.

International Money Express Trading Down 3.8 %

Shares of NASDAQ IMXI traded down $0.52 during trading on Friday, hitting $13.06. 545,033 shares of the company traded hands, compared to its average volume of 256,278. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $400.32 million, a P/E ratio of 7.30 and a beta of 0.87. The company has a 50-day moving average price of $17.43 and a 200-day moving average price of $18.76. International Money Express, Inc. has a 1 year low of $12.82 and a 1 year high of $23.28.

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.