International Money Express (NASDAQ:IMXI) Stock Price Down 4%

International Money Express, Inc. (NASDAQ:IMXI)’s share price dropped 4% during mid-day trading on Monday . The stock traded as low as $19.31 and last traded at $19.35. Approximately 275,805 shares traded hands during trading, an increase of 25% from the average daily volume of 221,142 shares. The stock had previously closed at $20.15.

Analyst Ratings Changes

IMXI has been the subject of several research analyst reports. BMO Capital Markets decreased 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 initiated coverage on International Money Express in a research report on Wednesday, March 20th. They set a “buy” rating and a $27.00 target price for the company. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

International Money Express Price Performance

The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market cap of $675.27 million, a P/E ratio of 12.28 and a beta of 0.76. The firm has a 50 day moving average price of $21.27 and a two-hundred day moving average price of $20.75.

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

Insider Transactions at International Money Express

In other news, insider Joseph Aguilar sold 23,700 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $21.13, for a total transaction of $500,781.00. Following the completion of the transaction, the insider now owns 105,677 shares in the company, valued at approximately $2,232,955.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 10.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in IMXI. Wellington Management Group LLP boosted its stake in International Money Express by 9.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,651,169 shares of the company’s stock worth $27,954,000 after purchasing an additional 138,002 shares during the period. Ancora Advisors LLC boosted its stake in International Money Express by 107.6% in the 3rd quarter. Ancora Advisors LLC now owns 103,411 shares of the company’s stock worth $1,751,000 after purchasing an additional 53,602 shares during the period. ABS Direct Equity Fund LLC bought a new position in International Money Express in the 4th quarter worth about $1,879,000. Voss Capital LLC boosted its position in shares of International Money Express by 22.9% during the 4th quarter. Voss Capital LLC now owns 1,680,047 shares of the company’s stock valued at $37,112,000 after acquiring an additional 313,135 shares during the last quarter. Finally, Assenagon Asset Management S.A. boosted its position in shares of International Money Express by 579.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 434,057 shares of the company’s stock valued at $9,588,000 after acquiring an additional 370,191 shares during the last quarter. Institutional investors own 86.71% of the company’s stock.

About International Money Express

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.