Boston Partners Acquires 528,139 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Boston Partners increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 1,229.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 571,103 shares of the company's stock after acquiring an additional 528,139 shares during the period. Boston Partners owned about 1.64% of International Money Express worth $12,501,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of IMXI. SG Americas Securities LLC bought a new stake in International Money Express in the third quarter valued at approximately $130,000. Bank of New York Mellon Corp raised its stake in International Money Express by 3.8% in the third quarter. Bank of New York Mellon Corp now owns 138,045 shares of the company's stock valued at $2,337,000 after buying an additional 4,991 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of International Money Express by 39.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company's stock valued at $154,000 after purchasing an additional 2,585 shares during the last quarter. Investment Management Associates Inc. ADV grew its position in shares of International Money Express by 5.8% in 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 during the last quarter. Finally, M&T Bank Corp grew its position in shares of International Money Express by 37.5% in the third quarter. M&T Bank Corp now owns 74,304 shares of the company's stock valued at $1,258,000 after purchasing an additional 20,260 shares during the last quarter. Institutional investors own 86.71% of the company's stock.

International Money Express Price Performance

NASDAQ:IMXI traded up $0.40 during trading hours on Thursday, reaching $20.82. 439,087 shares of the company were exchanged, compared to its average volume of 241,469. The company has a market capitalization of $679.56 million, a P/E ratio of 12.47 and a beta of 0.76. International Money Express, Inc. has a 1-year low of $15.76 and a 1-year high of $26.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 1.68 and a quick ratio of 1.68. The business has a 50 day moving average of $21.35 and a 200 day moving average of $20.90.

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

Insider Activity

In other news, insider Joseph Aguilar sold 23,700 shares of International Money Express stock in a transaction on Friday, March 15th. The stock was sold at an average price of $21.13, for a total value of $500,781.00. Following the transaction, the insider now owns 105,677 shares in the company, valued at approximately $2,232,955.01. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 10.50% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on IMXI. Needham & Company LLC reaffirmed a "buy" rating and issued a $25.00 target price on shares of International Money Express in a research report on Thursday, May 9th. BMO Capital Markets upped their target price on International Money Express from $29.00 to $30.00 and gave the company an "outperform" rating in a research report on Thursday, May 9th. Finally, Monness Crespi & Hardt began coverage on International Money Express in a research report on Wednesday, March 20th. They issued a "buy" rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $25.00.

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.