Summit Creek Advisors LLC Acquires 50,346 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Summit Creek Advisors LLC boosted its holdings in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 14.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 402,130 shares of the company's stock after purchasing an additional 50,346 shares during the quarter. Summit Creek Advisors LLC owned approximately 1.15% of International Money Express worth $8,883,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Assenagon Asset Management S.A. grew its stake in International Money Express by 579.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 434,057 shares of the company's stock valued at $9,588,000 after acquiring an additional 370,191 shares in the last quarter. Voss Capital LLC grew its position in shares of International Money Express by 22.9% in the fourth quarter. Voss Capital LLC now owns 1,680,047 shares of the company's stock valued at $37,112,000 after purchasing an additional 313,135 shares in the last quarter. Norwood Investment Partners LP increased its holdings in shares of International Money Express by 90.5% in the third quarter. Norwood Investment Partners LP now owns 531,881 shares of the company's stock valued at $9,005,000 after purchasing an additional 252,699 shares during the last quarter. Vanguard Group Inc. lifted its position in International Money Express by 10.5% during 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. Finally, Coombe Bender & Co LLC acquired a new position in International Money Express during the third quarter worth $3,278,000. 86.71% of the stock is currently owned by institutional investors and hedge funds.

International Money Express Trading Down 1.5 %

NASDAQ IMXI traded down $0.31 on Monday, reaching $20.39. The stock had a trading volume of 204,787 shares, compared to its average volume of 237,335. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 1.24. The stock has a fifty day moving average price of $21.34 and a two-hundred day moving average price of $20.87. International Money Express, Inc. has a 12-month low of $15.76 and a 12-month high of $26.25. The firm has a market capitalization of $665.53 million, a price-to-earnings ratio of 12.21 and a beta of 0.76.

International Money Express (NASDAQ:IMXI - Get Free Report) last posted its quarterly earnings data 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. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. The firm had revenue of $171.78 million for the quarter, compared to the consensus estimate of $175.55 million. As a group, sell-side analysts forecast that International Money Express, Inc. will post 2.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on IMXI. BMO Capital Markets lifted their target price on shares of International Money Express from $29.00 to $30.00 and gave the stock an "outperform" rating in a research note 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 report on Thursday. Finally, Monness Crespi & Hardt initiated coverage on International Money Express in a research note on Wednesday, March 20th. They issued a "buy" rating and a $27.00 price target on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $25.00.

Insider Activity

In related news, insider Joseph Aguilar sold 23,700 shares of the company'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 sale, the insider now directly owns 105,677 shares of the company's stock, valued at approximately $2,232,955.01. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 10.50% of the company's stock.

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.