Voss Capital LP Sells 780,464 Shares of International Money Express, Inc. $IMXI

Voss Capital LP lessened its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 40.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,167,390 shares of the company’s stock after selling 780,464 shares during the quarter. International Money Express makes up approximately 0.8% of Voss Capital LP’s investment portfolio, making the stock its 28th largest holding. Voss Capital LP owned approximately 3.93% of International Money Express worth $16,308,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Alliancebernstein L.P. lifted its position in shares of International Money Express by 6,041.0% in the 3rd quarter. Alliancebernstein L.P. now owns 2,060,904 shares of the company’s stock worth $28,791,000 after purchasing an additional 2,027,344 shares during the period. Forager Capital Management LLC increased its position 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 buying an additional 455,000 shares during the period. Magnetar Financial LLC increased its position in shares of International Money Express by 3,580.7% during the third quarter. Magnetar Financial LLC now owns 1,871,975 shares of the company’s stock worth $26,151,000 after buying an additional 1,821,116 shares during the period. Geode Capital Management LLC raised its stake in International Money Express by 1.5% during the second quarter. Geode Capital Management LLC now owns 858,058 shares of the company’s stock worth $8,659,000 after buying an additional 12,894 shares during the last quarter. Finally, Man Group plc bought a new position in International Money Express during the third quarter worth $7,921,000. Institutional investors own 86.71% of the company’s stock.

International Money Express Trading Down 0.1%

Shares of IMXI stock opened at $15.78 on Wednesday. International Money Express, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $15.81. The company has a debt-to-equity ratio of 1.31, a quick ratio of 2.51 and a current ratio of 2.51. The stock has a 50 day simple moving average of $15.60 and a two-hundred day simple moving average of $15.14. The company has a market cap of $475.56 million, a P/E ratio of 14.61 and a beta of 0.86.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings results on Friday, March 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). The business had revenue of $147.41 million for the quarter, compared to the consensus estimate of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. Research analysts forecast that International Money Express, Inc. will post 1.97 earnings per share for the current year.

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 equities research analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.33.

About International Money Express

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.