ABS Direct Equity Fund LLC Buys Shares of 85,047 International Money Express, Inc. (NASDAQ:IMXI)

ABS Direct Equity Fund LLC acquired a new position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 85,047 shares of the company's stock, valued at approximately $1,879,000. International Money Express makes up 1.8% of ABS Direct Equity Fund LLC's investment portfolio, making the stock its 21st largest position. ABS Direct Equity Fund LLC owned 0.24% of International Money Express at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in International Money Express by 10.5% in the third quarter. Vanguard Group Inc. now owns 2,163,976 shares of the company's stock worth $36,636,000 after buying an additional 205,954 shares in the last quarter. Voss Capital LLC increased its holdings in International Money Express by 22.9% in the 4th quarter. Voss Capital LLC now owns 1,680,047 shares of the company's stock worth $37,112,000 after acquiring an additional 313,135 shares in the last quarter. Wellington Management Group LLP raised its stake in International Money Express by 9.1% during the 3rd quarter. Wellington Management Group LLP now owns 1,651,169 shares of the company's stock worth $27,954,000 after acquiring an additional 138,002 shares during the period. Brown Advisory Inc. lifted its holdings in International Money Express by 2.7% during the third quarter. Brown Advisory Inc. now owns 1,391,553 shares of the company's stock valued at $23,559,000 after purchasing an additional 36,505 shares in the last quarter. Finally, Investment Management Associates Inc. ADV lifted its holdings in International Money Express by 5.8% during the third quarter. Investment Management Associates Inc. ADV now owns 766,399 shares of the company's stock valued at $12,975,000 after purchasing an additional 42,026 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

Insider Buying and Selling at International Money Express

In other news, insider Joseph Aguilar sold 23,700 shares of the company's stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $21.13, for a total transaction of $500,781.00. Following the sale, the insider now directly owns 105,677 shares in the company, valued at approximately $2,232,955.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is currently owned by company insiders.

International Money Express Price Performance

Shares of International Money Express stock traded up $0.15 on Friday, hitting $20.15. 259,390 shares of the company traded hands, compared to its average volume of 158,380. International Money Express, Inc. has a 52 week low of $15.76 and a 52 week high of $26.71. The business has a 50-day simple moving average of $21.31 and a 200 day simple moving average of $20.71. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94. The stock has a market capitalization of $679.66 million, a P/E ratio of 12.36 and a beta of 0.76.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Monness Crespi & Hardt initiated coverage on shares of International Money Express in a research note on Wednesday, March 20th. They issued a "buy" rating and a $27.00 price objective for the company. BMO Capital Markets cut their price target on International Money Express from $30.00 to $29.00 and set an "outperform" rating for the company in a research note on Wednesday, February 28th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $24.00.

International Money Express Company 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.