Dynamic Technology Lab Private Ltd Acquires New Shares in International Money Express, Inc. $IMXI

Dynamic Technology Lab Private Ltd bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 227,150 shares of the company’s stock, valued at approximately $3,173,000. International Money Express comprises 0.5% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 13th largest position.

A number of other institutional investors and hedge funds have also recently made changes to their positions in IMXI. Envestnet Asset Management Inc. lifted its stake in International Money Express by 89.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 40,275 shares of the company’s stock valued at $406,000 after purchasing an additional 18,984 shares during the last quarter. Credit Industriel ET Commercial acquired a new stake in International Money Express in the third quarter valued at approximately $1,006,000. Villanova Investment Management Co LLC grew its stake in shares of International Money Express by 166.6% during the second quarter. Villanova Investment Management Co LLC now owns 167,267 shares of the company’s stock worth $1,688,000 after buying an additional 104,524 shares during the last quarter. Olympiad Research LP bought a new stake in shares of International Money Express during the third quarter worth $964,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of International Money Express during the third quarter worth $5,848,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Performance

International Money Express stock opened at $15.79 on Friday. The business has a 50 day moving average of $15.54 and a 200-day moving average of $15.08. 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 $469.28 million, a P/E ratio of 14.62 and a beta of 0.86.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Wednesday, March 4th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). International Money Express had a return on equity of 35.45% and a net margin of 6.26%.The business had revenue of $147.41 million for the quarter, compared to analyst estimates of $162.95 million. On average, equities research analysts predict that International Money Express, Inc. will post 1.97 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $14.33.

International Money Express 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.