Coombe Bender & Co LLC Buys 10,218 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Coombe Bender & Co LLC lifted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 203,823 shares of the company’s stock after purchasing an additional 10,218 shares during the quarter. International Money Express accounts for about 2.8% of Coombe Bender & Co LLC’s holdings, making the stock its 12th largest position. Coombe Bender & Co LLC owned about 0.58% of International Money Express worth $4,502,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of International Money Express in the 4th quarter valued at about $38,000. New York State Teachers Retirement System purchased a new position in International Money Express in the 4th quarter worth approximately $65,000. DekaBank Deutsche Girozentrale bought a new position in shares of International Money Express in the 4th quarter worth $95,000. SG Americas Securities LLC purchased a new stake in shares of International Money Express during the 3rd quarter valued at $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of International Money Express by 39.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company’s stock worth $154,000 after acquiring an additional 2,585 shares during the last quarter. Hedge funds and other institutional investors own 86.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets dropped their target price on International Money Express from $30.00 to $29.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Monness Crespi & Hardt assumed coverage on International Money Express in a research note on Wednesday, March 20th. They issued a “buy” rating and a $27.00 target price on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

Insider Activity at International Money Express

In related 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 completion of the sale, the insider now directly owns 105,677 shares in the company, valued at $2,232,955.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 10.50% of the stock is owned by company insiders.

International Money Express Stock Performance

NASDAQ:IMXI traded down $0.02 during mid-day trading on Thursday, reaching $20.03. The company’s stock had a trading volume of 85,468 shares, compared to its average volume of 215,906. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 1.37. The stock has a market cap of $675.61 million, a P/E ratio of 12.30 and a beta of 0.76. The firm’s fifty day moving average price is $21.37 and its two-hundred day moving average price is $20.63. International Money Express, Inc. has a 12-month low of $15.76 and a 12-month high of $26.71.

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

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.