Seizert Capital Partners LLC Has $3.43 Million Stake in International Money Express, Inc. (NASDAQ:IMXI)

Key Points

• Seizert Capital Partners LLC increased its stake in International Money Express, acquiring an additional 98,394 shares, bringing its total ownership to 272,135 shares, valued at approximately $3.43 million.
• Analysts have mixed views on the company's stock, with Needham & Company setting a price target of $20.00, while BMO Capital Markets downgraded their target from $18.00 to $11.00.
• Institutional investors now own 86.71% of International Money Express, highlighting significant interest from the investment community in the company's stock.

Seizert Capital Partners LLC lifted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 56.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,135 shares of the company's stock after acquiring an additional 98,394 shares during the quarter. Seizert Capital Partners LLC owned 0.90% of International Money Express worth $3,434,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. New York State Common Retirement Fund boosted its stake in shares of International Money Express by 41.6% during the 1st quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock valued at $129,000 after buying an additional 3,000 shares during the period. Legato Capital Management LLC acquired a new position in shares of International Money Express during the 1st quarter worth $161,000. Aquatic Capital Management LLC acquired a new position in shares of International Money Express during the 4th quarter worth $169,000. Lazard Asset Management LLC lifted its stake in shares of International Money Express by 6.1% in 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 during the last quarter. Finally, Jump Financial LLC acquired a new stake in shares of International Money Express in the fourth quarter worth $281,000. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

Shares of NASDAQ IMXI traded down $0.28 during trading hours on Friday, reaching $8.71. The stock had a trading volume of 398,857 shares, compared to its average volume of 299,628. The business's fifty day moving average is $10.28 and its two-hundred day moving average is $13.08. 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 company has a market cap of $262.43 million, a price-to-earnings ratio of 5.15 and a beta of 1.02. International Money Express, Inc. has a twelve month low of $8.58 and a twelve month high of $22.38.

Analysts Set New Price Targets

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