316,295 Shares in International Money Express, Inc. $IMXI Purchased by Gabelli Funds LLC

Gabelli Funds LLC purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, HoldingsChannel.com reports. The firm purchased 316,295 shares of the company’s stock, valued at approximately $4,419,000.

Other hedge funds have also recently bought and sold shares of the company. Forager Capital Management LLC boosted its holdings in shares of International Money Express by 30.5% during the second quarter. Forager Capital Management LLC now owns 1,946,174 shares of the company’s stock worth $19,637,000 after acquiring an additional 455,000 shares during the period. Geode Capital Management LLC lifted its holdings in International Money Express by 1.5% during the 2nd quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after purchasing an additional 12,894 shares during the last quarter. Alpine Associates Management Inc. bought a new stake in International Money Express in the 3rd quarter valued at $5,848,000. American Century Companies Inc. grew its holdings in International Money Express by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 378,116 shares of the company’s stock valued at $3,815,000 after buying an additional 10,977 shares in the last quarter. Finally, Marshall Wace LLP increased its position in International Money Express by 50.3% during the 2nd quarter. Marshall Wace LLP now owns 318,672 shares of the company’s stock worth $3,215,000 after buying an additional 106,585 shares during the period. 86.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, International Money Express currently has an average rating of “Hold” and an average price target of $14.33.

International Money Express Trading Up 0.1%

Shares of NASDAQ:IMXI opened at $15.80 on Tuesday. The business’s 50 day simple moving average is $15.55 and its 200 day simple moving average is $15.09. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.81. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The company has a market capitalization of $469.58 million, a P/E ratio of 14.63 and a beta of 0.86.

International Money Express (NASDAQ:IMXI) last released its earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). The company had revenue of $147.41 million for the quarter, compared to the consensus estimate of $162.95 million. International Money Express had a net margin of 5.38% and a return on equity of 29.87%. On average, research analysts anticipate that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

International Money Express Company Profile

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.