Steamboat Capital Partners LLC Acquires New Position in International Money Express, Inc. (NASDAQ:IMXI)

Steamboat Capital Partners LLC bought a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 41,121 shares of the company's stock, valued at approximately $857,000. Steamboat Capital Partners LLC owned 0.13% of International Money Express at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in International Money Express during the fourth quarter valued at approximately $169,000. Lazard Asset Management LLC grew its holdings in shares of International Money Express by 6.1% in the 4th quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock valued at $235,000 after buying an additional 654 shares during the period. SG Americas Securities LLC grew its holdings in shares of International Money Express by 23.4% in 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 period. Jump Financial LLC bought a new stake in shares of International Money Express in the 4th quarter valued at $281,000. Finally, Integrated Quantitative Investments LLC acquired a new stake in International Money Express during the 4th quarter worth $292,000. 86.71% of the stock is owned by institutional investors.

International Money Express Price Performance

International Money Express stock traded down $0.32 during mid-day trading on Friday, reaching $10.74. 49,364 shares of the company were exchanged, compared to its average volume of 282,998. The firm has a market cap of $323.54 million, a PE ratio of 5.98 and a beta of 1.23. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The company has a fifty day simple moving average of $12.19 and a 200-day simple moving average of $16.84. International Money Express, Inc. has a 12 month low of $10.07 and a 12 month high of $22.38.

Analysts Set New Price Targets

IMXI has been the subject of a number of research analyst reports. BMO Capital Markets cut International Money Express from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $18.00 to $11.00 in a research note on Friday, May 9th. 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, April 7th. UBS Group dropped their target price on shares of International Money Express from $17.00 to $12.00 and set a "neutral" rating on the stock in a report on Friday, May 9th. Finally, Monness Crespi & Hardt cut shares of International Money Express from a "buy" rating to a "neutral" rating in a report on Thursday, January 23rd. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, International Money Express presently has an average rating of "Hold" and an average price target of $20.50.

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.