156,902 Shares in International Money Express, Inc. (NASDAQ:IMXI) Bought by LB Partners LLC

LB Partners LLC purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 156,902 shares of the company's stock, valued at approximately $1,974,000. International Money Express makes up approximately 1.4% of LB Partners LLC's portfolio, making the stock its 16th biggest position. LB Partners LLC owned 0.51% of International Money Express at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its position in shares of International Money Express by 11.1% during the 4th quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company's stock worth $2,375,000 after purchasing an additional 11,388 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of International Money Express during the 4th quarter valued at $332,000. First Eagle Investment Management LLC boosted its position in International Money Express by 5.2% during the 4th quarter. First Eagle Investment Management LLC now owns 637,034 shares of the company's stock worth $13,269,000 after purchasing an additional 31,529 shares during the period. Royce & Associates LP boosted its position in International Money Express by 15.7% during the 4th quarter. Royce & Associates LP now owns 644,710 shares of the company's stock worth $13,429,000 after purchasing an additional 87,521 shares during the period. Finally, Intech Investment Management LLC purchased a new position in International Money Express in the 4th quarter valued at about $339,000. Hedge funds and other institutional investors own 86.71% of the company's stock.

International Money Express Trading Up 2.0%

NASDAQ:IMXI traded up $0.20 during trading hours on Tuesday, hitting $10.45. The stock had a trading volume of 274,500 shares, compared to its average volume of 302,196. International Money Express, Inc. has a one year low of $9.76 and a one year high of $22.38. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.75 and a current ratio of 1.75. The company has a market cap of $314.86 million, a price-to-earnings ratio of 6.18 and a beta of 1.04. The business's 50 day moving average is $10.95 and its 200-day moving average is $14.45.

Analyst Ratings Changes

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

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.