Mork Capital Management LLC Purchases Shares of 70,000 International Money Express, Inc. $IMXI

Key Points

• Mork Capital Management LLC has acquired 70,000 shares of INTERNATIONAL MONEY EXPRESS, INC., valued at approximately $883,000, increasing its stake to 0.23% of the company.
• During the first quarter, several institutional investors raised their holdings in INTERNATIONAL MONEY EXPRESS, with Breach Inlet Capital Management increasing its shares by 32.8%.
• Analyst ratings for the stock are mixed, with two analysts giving it a "Buy" rating, while others have downgraded it to "Hold" or "Sell," reflecting varying opinions on its market performance.

Mork Capital Management LLC bought a new stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 70,000 shares of the company's stock, valued at approximately $883,000. Mork Capital Management LLC owned about 0.23% of International Money Express as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of 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 worth $376,000 after purchasing an additional 630 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 654 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of International Money Express by 3.6% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 28,700 shares of the company's stock worth $362,000 after purchasing an additional 1,000 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of International Money Express by 3.3% during the first quarter. Invesco Ltd. now owns 68,837 shares of the company's stock worth $869,000 after purchasing an additional 2,194 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of International Money Express during the first quarter worth $31,000. Institutional investors and hedge funds own 86.71% of the company's stock.

International Money Express Stock Performance

Shares of NASDAQ IMXI traded up $0.06 during midday trading on Thursday, hitting $14.54. 157,728 shares of the company's stock were exchanged, compared to its average volume of 440,186. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63. The stock's 50 day moving average price is $11.92 and its 200-day moving average price is $12.06. The firm has a market cap of $431.67 million, a P/E ratio of 8.87 and a beta of 0.96. International Money Express, Inc. has a twelve month low of $8.58 and a twelve month high of $22.37.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on IMXI shares. Wall Street Zen upgraded International Money Express from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Northland Capmk cut International Money Express from a "strong-buy" rating to a "hold" rating in a report on Monday, August 11th. Finally, Zacks Research cut International Money Express from a "hold" rating to a "strong sell" rating in a report on Monday, August 25th. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, International Money Express currently has an average rating of "Hold" and an average target price 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.