Voss Capital LP Buys 111,562 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Voss Capital LP boosted its position in International Money Express, Inc. (NASDAQ:IMXI - Free Report) by 6.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,825,000 shares of the company's stock after purchasing an additional 111,562 shares during the quarter. International Money Express comprises 2.8% of Voss Capital LP's investment portfolio, making the stock its 14th biggest position. Voss Capital LP owned about 5.87% of International Money Express worth $38,015,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IMXI. SkyView Investment Advisors LLC raised its position in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company's stock worth $374,000 after buying an additional 637 shares in the last quarter. Russell Investments Group Ltd. increased its stake in International Money Express by 0.8% in the 4th quarter. Russell Investments Group Ltd. now owns 87,458 shares of the company's stock worth $1,822,000 after acquiring an additional 698 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of International Money Express by 23.4% in the 4th quarter. SG Americas Securities LLC now owns 11,520 shares of the company's stock valued at $240,000 after acquiring an additional 2,182 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of International Money Express by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 850,766 shares of the company's stock valued at $17,725,000 after acquiring an additional 2,292 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of International Money Express by 5.2% during the fourth quarter. Invesco Ltd. now owns 66,643 shares of the company's stock worth $1,388,000 after purchasing an additional 3,322 shares in the last quarter. 86.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on IMXI. UBS Group lowered their target price on shares of International Money Express from $22.00 to $17.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 4th. Monness Crespi & Hardt cut International Money Express from a "buy" rating to a "neutral" rating in a research note on Thursday, January 23rd. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of International Money Express in a research note on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $24.50.

International Money Express Trading Down 0.5 %

International Money Express stock traded down $0.06 during mid-day trading on Friday, hitting $12.43. The company's stock had a trading volume of 202,833 shares, compared to its average volume of 277,249. The business has a 50 day moving average price of $13.53 and a 200-day moving average price of $17.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. International Money Express, Inc. has a 12 month low of $11.27 and a 12 month high of $22.38. The stock has a market cap of $381.00 million, a price-to-earnings ratio of 6.94 and a beta of 1.01.

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.