Los Angeles Capital Management LLC Has $890,000 Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Los Angeles Capital Management LLC cut its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 6.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,290 shares of the company’s stock after selling 2,640 shares during the period. Los Angeles Capital Management LLC owned approximately 0.12% of International Money Express worth $890,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of IMXI. SG Americas Securities LLC lifted its position in shares of International Money Express by 8.1% during the 4th quarter. SG Americas Securities LLC now owns 8,321 shares of the company’s stock valued at $184,000 after acquiring an additional 625 shares during the period. SkyView Investment Advisors LLC lifted its position in International Money Express by 5.8% during the third quarter. SkyView Investment Advisors LLC now owns 15,265 shares of the company’s stock worth $258,000 after purchasing an additional 836 shares during the period. Summit Creek Advisors LLC grew its stake in International Money Express by 0.4% during the third quarter. Summit Creek Advisors LLC now owns 351,784 shares of the company’s stock worth $5,956,000 after buying an additional 1,357 shares in the last quarter. Barclays PLC increased its holdings in International Money Express by 12.4% in the 3rd quarter. Barclays PLC now owns 13,551 shares of the company’s stock valued at $229,000 after buying an additional 1,493 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of International Money Express in the 4th quarter valued at approximately $38,000. 86.71% of the stock is owned by institutional investors.

International Money Express Stock Performance

Shares of International Money Express stock opened at $21.12 on Friday. The company’s 50 day moving average price is $21.30 and its two-hundred day moving average price is $20.75. The firm has a market capitalization of $712.38 million, a P/E ratio of 12.96 and a beta of 0.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94. International Money Express, Inc. has a fifty-two week low of $15.76 and a fifty-two week high of $26.25.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. International Money Express had a return on equity of 42.30% and a net margin of 9.03%. The business had revenue of $171.78 million for the quarter, compared to analyst estimates of $175.55 million. On average, equities analysts forecast that International Money Express, Inc. will post 2.05 earnings per share for the current fiscal year.

Insider Activity

In other International Money Express news, insider Joseph Aguilar sold 23,700 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IMXI. BMO Capital Markets lifted their price objective on shares of International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research note on Thursday. Needham & Company LLC reiterated a “buy” rating and issued a $25.00 price target on shares of International Money Express in a research note on Thursday. Finally, Monness Crespi & Hardt assumed coverage on International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price objective for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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.