ABS Direct Equity Fund LLC Boosts Stake in International Money Express, Inc. (NASDAQ:IMXI)

ABS Direct Equity Fund LLC grew its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 33.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,000 shares of the company's stock after purchasing an additional 25,000 shares during the quarter. International Money Express makes up about 1.7% of ABS Direct Equity Fund LLC's holdings, making the stock its 21st largest position. ABS Direct Equity Fund LLC owned approximately 0.33% of International Money Express worth $1,262,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in International Money Express by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,046 shares of the company's stock valued at $376,000 after buying an additional 630 shares during the period. Lazard Asset Management LLC grew its position in International Money Express by 6.1% during the fourth quarter. Lazard Asset Management LLC now owns 11,361 shares of the company's stock worth $235,000 after buying an additional 654 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of International Money Express by 0.8% during the fourth quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company's stock worth $1,822,000 after purchasing an additional 698 shares in the last quarter. Geode Capital Management LLC raised its position in shares of International Money Express by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after buying an additional 2,292 shares in the last quarter. Finally, Invesco Ltd. lifted its position in International Money Express by 5.2% in the 4th quarter. Invesco Ltd. now owns 66,643 shares of the company's stock worth $1,388,000 after buying an additional 3,322 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on IMXI. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of International Money Express in a research note on Monday, April 7th. BMO Capital Markets lowered shares of International Money Express from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $18.00 to $11.00 in a research note on Friday, May 9th. Finally, UBS Group lowered their price objective on International Money Express from $17.00 to $12.00 and set a "neutral" rating for the company in a research note on Friday, May 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $19.60.

International Money Express Stock Performance

IMXI traded down $0.22 during trading on Wednesday, reaching $9.83. 348,908 shares of the company's stock were exchanged, compared to its average volume of 297,054. International Money Express, Inc. has a 1 year low of $9.79 and a 1 year high of $22.38. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a market capitalization of $296.18 million, a P/E ratio of 5.82 and a beta of 1.08. The company's fifty day simple moving average is $11.54 and its 200-day simple moving average is $15.60.

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.