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

LB Partners LLC purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 156,902 shares of the company's stock, valued at approximately $1,974,000. International Money Express comprises approximately 1.4% of LB Partners LLC's investment 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 reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of International Money Express by 11.4% during the 1st quarter. Rhumbline Advisers now owns 50,607 shares of the company's stock worth $639,000 after purchasing an additional 5,189 shares during the last quarter. GAMMA Investing LLC raised its position in shares of International Money Express by 7,708.8% during the 1st quarter. GAMMA Investing LLC now owns 6,247 shares of the company's stock worth $790,000 after purchasing an additional 6,167 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of International Money Express by 9.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 63,906 shares of the company's stock worth $1,331,000 after purchasing an additional 5,597 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of International Money Express during the 4th quarter worth about $332,000. Finally, Wells Fargo & Company MN raised its position in shares of International Money Express by 51.0% during the 4th quarter. Wells Fargo & Company MN now owns 14,960 shares of the company's stock worth $312,000 after purchasing an additional 5,050 shares during the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Trading Down 0.4%

Shares of International Money Express stock traded down $0.04 during mid-day trading on Wednesday, hitting $10.41. The stock had a trading volume of 233,495 shares, compared to its average volume of 325,188. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.18. The firm has a market cap of $313.65 million, a P/E ratio of 6.16 and a beta of 1.04. The firm has a 50-day moving average of $10.95 and a two-hundred day moving average of $14.45. International Money Express, Inc. has a 12-month low of $9.76 and a 12-month high of $22.38.

Analyst Upgrades and Downgrades

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

About International Money Express

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.