Dimensional Fund Advisors LP Sells 238,537 Shares of International Money Express, Inc. $IMXI

Key Points

• Dimensional Fund Advisors reduced its International Money Express stake by 34.6%, selling 238,537 shares and retaining 450,637 shares valued at approximately $7.12 million. Institutional investors collectively own 86.71% of IMXI.
• IMXI shares fell 3.0% to $11.82, near the company’s one-year low of $11.15. The stock trades below both its 50-day and 200-day moving averages.
• International Money Express reported quarterly EPS of $0.23, missing the $0.35 consensus estimate, while revenue of $131.16 million also fell short of expectations. Analysts’ average rating is “Reduce,” with one Hold and one Sell rating.

Dimensional Fund Advisors LP cut its stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 34.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 450,637 shares of the company's stock after selling 238,537 shares during the period. Dimensional Fund Advisors LP owned about 1.50% of International Money Express worth $7,120,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. boosted its stake in International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company's stock valued at $28,791,000 after buying an additional 2,027,344 shares in the last quarter. Fort Baker Capital Management LP acquired a new position in International Money Express during the fourth quarter worth $14,616,000. Man Group plc lifted its holdings in shares of International Money Express by 103.4% during the fourth quarter. Man Group plc now owns 1,153,023 shares of the company's stock valued at $17,710,000 after acquiring an additional 586,044 shares during the period. Marshall Wace LLP lifted its holdings in shares of International Money Express by 1,025.8% during the fourth quarter. Marshall Wace LLP now owns 401,500 shares of the company's stock valued at $6,167,000 after acquiring an additional 365,836 shares during the period. Finally, Hsbc Holdings PLC boosted its stake in shares of International Money Express by 158.1% in the 1st quarter. Hsbc Holdings PLC now owns 560,585 shares of the company's stock valued at $8,860,000 after purchasing an additional 343,381 shares in the last quarter. Institutional investors own 86.71% of the company's stock.

International Money Express Stock Down 3.0%

NASDAQ IMXI opened at $11.82 on Tuesday. The stock's 50 day simple moving average is $13.87 and its 200 day simple moving average is $15.03. International Money Express, Inc. has a one year low of $11.15 and a one year high of $15.95. The firm has a market cap of $355.66 million, a PE ratio of 13.91 and a beta of 0.76. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.12). The business had revenue of $131.16 million during the quarter, compared to the consensus estimate of $143.59 million. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. As a group, sell-side analysts forecast that International Money Express, Inc. will post 1.95 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on IMXI shares. Weiss Ratings lowered shares of International Money Express from a "hold (c)" rating to a "sell (d+)" rating in a report on Tuesday, May 12th. Wall Street Zen downgraded shares of International Money Express from a "hold" rating to a "sell" rating in a report on Saturday, July 4th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce".

International Money Express Profile

International Money Express, Inc NASDAQ: IMXI is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.

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