41,121 Shares in International Money Express, Inc. (NASDAQ:IMXI) Bought by Steamboat Capital Partners LLC

Steamboat Capital Partners LLC acquired a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,121 shares of the company's stock, valued at approximately $857,000. Steamboat Capital Partners LLC owned approximately 0.13% of International Money Express as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Voss Capital LP raised its position in shares of International Money Express by 6.5% in the fourth quarter. Voss Capital LP now owns 1,825,000 shares of the company's stock worth $38,015,000 after buying an additional 111,562 shares in the last quarter. New South Capital Management Inc. raised its position in shares of International Money Express by 22.7% in 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. LSV Asset Management raised its position in shares of International Money Express by 40.7% in the fourth quarter. LSV Asset Management now owns 1,082,780 shares of the company's stock worth $22,554,000 after buying an additional 313,303 shares in the last quarter. Investment Management Associates Inc. ADV raised its position in shares of International Money Express by 1.9% in the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company's stock worth $18,731,000 after buying an additional 16,530 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of International Money Express by 0.3% in the fourth quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock worth $17,725,000 after buying an additional 2,292 shares in the last quarter. Hedge funds and other institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

IMXI has been the topic of a number of research analyst reports. UBS Group reduced their target price on International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a research note on Friday, May 9th. Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Needham & Company LLC reissued a "buy" rating and issued a $20.00 target price on shares of International Money Express in a research note on Monday, April 7th. Finally, BMO Capital Markets cut International Money Express from an "outperform" rating to a "market perform" rating and reduced their target price for the company from $18.00 to $11.00 in a research note on Friday, May 9th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $20.50.

International Money Express Stock Performance

Shares of IMXI opened at $11.51 on Friday. 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 one year low of $10.07 and a one year high of $22.38. The company has a 50-day simple moving average of $12.32 and a two-hundred day simple moving average of $17.01. The firm has a market capitalization of $346.77 million, a PE ratio of 6.43 and a beta of 1.23.

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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