Norwood Investment Partners LP Has $8.20 Million Holdings in International Money Express, Inc. (NASDAQ:IMXI)

Norwood Investment Partners LP trimmed its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 30.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 371,084 shares of the company's stock after selling 160,797 shares during the quarter. International Money Express accounts for 5.6% of Norwood Investment Partners LP's portfolio, making the stock its 7th largest holding. Norwood Investment Partners LP owned approximately 1.06% of International Money Express worth $8,197,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of IMXI. SG Americas Securities LLC acquired a new stake in shares of International Money Express during the 3rd quarter worth about $130,000. Bank of New York Mellon Corp increased its holdings in shares of International Money Express by 3.8% during the third quarter. Bank of New York Mellon Corp now owns 138,045 shares of the company's stock worth $2,337,000 after buying an additional 4,991 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of International Money Express by 39.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company's stock worth $154,000 after buying an additional 2,585 shares in the last quarter. Summit Creek Advisors LLC raised its stake in shares of International Money Express by 0.4% in the third quarter. Summit Creek Advisors LLC now owns 351,784 shares of the company's stock valued at $5,956,000 after acquiring an additional 1,357 shares during the last quarter. Finally, Watershed Asset Management L.L.C. boosted its holdings in shares of International Money Express by 34.5% in the 3rd quarter. Watershed Asset Management L.L.C. now owns 16,066 shares of the company's stock worth $272,000 after acquiring an additional 4,123 shares in the last quarter. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

IMXI has been the subject of a number of recent analyst reports. BMO Capital Markets raised their price target on International Money Express from $29.00 to $30.00 and gave the company an "outperform" rating in a report on Thursday. Needham & Company LLC restated a "buy" rating and issued a $25.00 target price on shares of International Money Express in a research note on Thursday. Finally, Monness Crespi & Hardt assumed coverage on shares of International Money Express in a research report on Wednesday, March 20th. They set a "buy" rating and a $27.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.00.

Insider Activity at International Money Express

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of International Money Express stock in a transaction 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 completion of the sale, the insider now owns 105,677 shares of the company's stock, valued at approximately $2,232,955.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 10.50% of the stock is currently owned by company insiders.

International Money Express Trading Down 2.0 %

IMXI traded down $0.42 during mid-day trading on Friday, reaching $20.70. The stock had a trading volume of 277,425 shares, compared to its average volume of 259,532. The firm's fifty day simple moving average is $21.33 and its two-hundred day simple moving average is $20.84. The stock has a market capitalization of $675.65 million, a P/E ratio of 12.40 and a beta of 0.76. International Money Express, Inc. has a 52 week low of $15.76 and a 52 week high of $26.25. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.94 and a current ratio of 1.68.

International Money Express (NASDAQ:IMXI - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The business had revenue of $171.78 million for the quarter, compared to analysts' expectations of $175.55 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. On average, equities analysts predict that International Money Express, Inc. will post 2.05 EPS for the current year.

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.