Doma Perpetual Capital Management LLC Acquires Shares of 81,526 International Money Express, Inc. $IMXI

Key Points

• Doma Perpetual Capital Management LLC acquired 81,526 shares of International Money Express, Inc. in Q1, valued at approximately $1,029,000, making it the firm's 10th largest holding.
• International Money Express stock has a current market cap of $430.36 million and showed a significant fluctuation over the past year, with a 12-month low of $8.58 and a high of $22.37.
• The stock has received mixed analyst ratings, with ratings ranging from "strong sell" to "buy," leading to a consensus rating of "hold" and an average price target of $19.60.

Doma Perpetual Capital Management LLC purchased a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 81,526 shares of the company's stock, valued at approximately $1,029,000. International Money Express comprises approximately 0.4% of Doma Perpetual Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Doma Perpetual Capital Management LLC owned 0.27% of International Money Express as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Magnetar Financial LLC acquired a new position in International Money Express during the first quarter valued at approximately $580,000. Hotchkis & Wiley Capital Management LLC grew its holdings in International Money Express by 92.8% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company's stock valued at $6,786,000 after purchasing an additional 258,820 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of International Money Express in the first quarter worth $278,000. Voss Capital LP grew its stake in shares of International Money Express by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company's stock worth $24,582,000 after acquiring an additional 122,854 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its stake in shares of International Money Express by 3.6% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company's stock worth $362,000 after acquiring an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on IMXI shares. Zacks Research downgraded shares of International Money Express from a "hold" rating to a "strong sell" rating in a research note on Monday, August 25th. BMO Capital Markets downgraded shares of International Money Express from an "outperform" rating to a "market perform" rating and lowered their price objective for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. UBS Group lowered their price objective on shares of 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. Wall Street Zen upgraded shares of International Money Express from a "hold" rating to a "buy" rating in a research note on Saturday, August 16th. Finally, Northland Capmk downgraded shares of International Money Express from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $19.60.

International Money Express Stock Performance

IMXI stock traded down $0.09 during midday trading on Thursday, hitting $14.60. The stock had a trading volume of 72,182 shares, compared to its average volume of 442,669. The firm has a market capitalization of $433.24 million, a price-to-earnings ratio of 8.90 and a beta of 0.96. The stock has a 50-day simple moving average of $11.50 and a 200 day simple moving average of $12.19. International Money Express, Inc. has a 52 week low of $8.58 and a 52 week high of $22.37. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.13.

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.