Vanguard Group Inc. Raises Stock Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Vanguard Group Inc. grew its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 10.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,163,976 shares of the company's stock after buying an additional 205,954 shares during the period. Vanguard Group Inc. owned 6.21% of International Money Express worth $36,636,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Scopia Capital Management LP acquired a new stake in International Money Express during the first quarter worth approximately $24,203,000. Steamboat Capital Partners LLC increased its stake in International Money Express by 33.0% in the fourth quarter. Steamboat Capital Partners LLC now owns 1,330,977 shares of the company's stock valued at $32,436,000 after purchasing an additional 330,242 shares during the last quarter. Royce & Associates LP lifted its position in International Money Express by 340.7% during the first quarter. Royce & Associates LP now owns 367,118 shares of the company's stock worth $9,464,000 after buying an additional 283,818 shares during the period. Norwood Investment Partners LP boosted its stake in International Money Express by 90.5% in the 3rd quarter. Norwood Investment Partners LP now owns 531,881 shares of the company's stock worth $9,005,000 after buying an additional 252,699 shares during the last quarter. Finally, Voss Capital LLC grew its holdings in International Money Express by 21.0% in the 3rd quarter. Voss Capital LLC now owns 1,366,912 shares of the company's stock valued at $23,142,000 after buying an additional 237,514 shares during the period. 86.71% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Joseph Aguilar sold 23,700 shares of the business's stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $21.13, for a total transaction of $500,781.00. Following the transaction, the insider now directly owns 105,677 shares of the company's stock, valued at $2,232,955.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.50% of the company's stock.

International Money Express Trading Up 0.4 %

Shares of International Money Express stock traded up $0.09 on Thursday, reaching $22.04. 107,112 shares of the company were exchanged, compared to its average volume of 230,392. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $26.71. The firm has a market capitalization of $743.41 million, a price-to-earnings ratio of 13.52 and a beta of 0.73. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The stock has a fifty day moving average price of $21.26 and a 200-day moving average price of $20.17.

International Money Express (NASDAQ:IMXI - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $171.78 million during the quarter, compared to the consensus estimate of $175.55 million. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. On average, analysts expect that International Money Express, Inc. will post 2.05 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Monness Crespi & Hardt started coverage on shares of International Money Express in a report on Wednesday, March 20th. They set a "buy" rating and a $27.00 price objective on the stock. BMO Capital Markets cut their price objective on shares of International Money Express from $30.00 to $29.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, International Money Express has a consensus rating of "Moderate Buy" and a consensus target price of $24.00.

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.