Voss Capital LP Purchases 122,854 Shares of International Money Express, Inc. $IMXI

Key Points

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Voss Capital LP lifted its position in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 6.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,947,854 shares of the company's stock after purchasing an additional 122,854 shares during the quarter. International Money Express accounts for 1.9% of Voss Capital LP's portfolio, making the stock its 17th largest position. Voss Capital LP owned approximately 6.47% of International Money Express worth $24,582,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IMXI. New York State Common Retirement Fund boosted its position in shares of International Money Express by 41.6% during the first quarter. New York State Common Retirement Fund now owns 10,218 shares of the company's stock worth $129,000 after purchasing an additional 3,000 shares in the last quarter. Legato Capital Management LLC bought a new stake in International Money Express in the 1st quarter valued at $161,000. HighTower Advisors LLC bought a new stake in International Money Express in the 1st quarter valued at $161,000. Aquatic Capital Management LLC bought a new stake in International Money Express in the 4th quarter valued at $169,000. Finally, Aigen Investment Management LP bought a new stake in International Money Express in the 1st quarter valued at $196,000. 86.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

IMXI has been the topic of several recent research reports. BMO Capital Markets lowered shares of International Money Express from an "outperform" rating to a "market perform" rating and lowered their price target for the company from $18.00 to $11.00 in a research note on Friday, May 9th. Wall Street Zen upgraded shares of International Money Express from a "hold" rating to a "buy" rating in a research note on Saturday. UBS Group lowered their price target 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, Northland Capmk lowered shares of International Money Express from a "strong-buy" rating to a "hold" rating in a research note on Monday, August 11th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $19.60.

International Money Express Stock Up 0.1%

International Money Express stock opened at $14.44 on Tuesday. The firm has a market capitalization of $428.58 million, a PE ratio of 8.80 and a beta of 1.02. The company's 50-day moving average is $10.50 and its 200-day moving average is $12.44. International Money Express, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $22.37. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.63 and a quick ratio of 1.63.

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.

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