LB Partners LLC Has $363,000 Holdings in International Money Express, Inc. $IMXI

LB Partners LLC trimmed its position in shares of International Money Express, Inc. (NASDAQ:IMXIFree Report) by 83.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,000 shares of the company’s stock after selling 120,000 shares during the quarter. International Money Express makes up about 0.3% of LB Partners LLC’s investment portfolio, making the stock its 29th biggest position. LB Partners LLC owned 0.08% of International Money Express worth $363,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of International Money Express in the second quarter valued at approximately $40,000. Russell Investments Group Ltd. grew its position in International Money Express by 31.2% during the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after acquiring an additional 1,840 shares during the last quarter. Walleye Capital LLC bought a new stake in International Money Express during the 2nd quarter worth approximately $130,000. PenderFund Capital Management Ltd. bought a new stake in International Money Express during the 3rd quarter worth approximately $133,000. Finally, State of Alaska Department of Revenue acquired a new stake in International Money Express during the 4th quarter valued at $138,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wall Street Zen upgraded International Money Express from a “sell” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings cut International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Money Express has an average rating of “Reduce”.

Read Our Latest Research Report on IMXI

International Money Express Stock Performance

Shares of International Money Express stock opened at $14.54 on Thursday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a 50 day simple moving average of $15.12 and a 200 day simple moving average of $15.44. International Money Express, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $15.95. The firm has a market cap of $437.51 million, a P/E ratio of 17.11 and a beta of 0.75.

International Money Express (NASDAQ:IMXIGet Free Report) last announced its quarterly earnings data on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). The firm had revenue of $121.95 million during the quarter, compared to the consensus estimate of $141.02 million. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. Sell-side analysts predict that International Money Express, Inc. will post 1.86 earnings per share for the current fiscal year.

International Money Express Profile

(Free Report)

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.

Further Reading

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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