Walleye Capital LLC Purchases New Shares in International Money Express, Inc. (NASDAQ:IMXI)

Walleye Capital LLC acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXIGet Rating) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,346 shares of the company’s stock, valued at approximately $955,000. Walleye Capital LLC owned 0.12% of International Money Express as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. lifted its stake in International Money Express by 3.5% in the 1st quarter. BlackRock Inc. now owns 2,640,069 shares of the company’s stock valued at $54,410,000 after buying an additional 89,670 shares in the last quarter. Vanguard Group Inc. increased its position in shares of International Money Express by 1.5% during the first quarter. Vanguard Group Inc. now owns 2,151,269 shares of the company’s stock worth $44,338,000 after purchasing an additional 31,694 shares in the last quarter. State Street Corp raised its stake in International Money Express by 1.0% in the 1st quarter. State Street Corp now owns 698,733 shares of the company’s stock valued at $14,401,000 after purchasing an additional 7,063 shares during the last quarter. Loomis Sayles & Co. L P lifted its holdings in International Money Express by 0.3% in the 4th quarter. Loomis Sayles & Co. L P now owns 525,252 shares of the company’s stock valued at $8,383,000 after purchasing an additional 1,675 shares in the last quarter. Finally, Investment Management Associates Inc. ADV boosted its stake in International Money Express by 13.8% during the 1st quarter. Investment Management Associates Inc. ADV now owns 478,787 shares of the company’s stock worth $9,868,000 after purchasing an additional 57,901 shares during the last quarter. 84.35% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Money Express

In other news, CEO Robert Lisy sold 71,302 shares of International Money Express stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $25.17, for a total value of $1,794,671.34. Following the completion of the sale, the chief executive officer now directly owns 442,327 shares of the company’s stock, valued at $11,133,370.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other International Money Express news, Director Adam P. Godfrey sold 22,000 shares of the stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $25.17, for a total transaction of $553,740.00. Following the sale, the director now directly owns 1,824,351 shares in the company, valued at approximately $45,918,914.67. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Robert Lisy sold 71,302 shares of the business’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $25.17, for a total transaction of $1,794,671.34. Following the completion of the transaction, the chief executive officer now owns 442,327 shares of the company’s stock, valued at approximately $11,133,370.59. The disclosure for this sale can be found here. Insiders have sold a total of 272,419 shares of company stock valued at $6,878,378 over the last quarter. 15.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on IMXI shares. Northland Securities raised their price target on shares of International Money Express from $26.00 to $28.00 in a research note on Thursday, August 4th. BTIG Research boosted their price target on shares of International Money Express to $29.00 in a research report on Tuesday, August 9th.

International Money Express Stock Performance

Shares of International Money Express stock opened at $23.37 on Tuesday. The business’s fifty day simple moving average is $23.68 and its 200-day simple moving average is $21.43. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.50. The firm has a market cap of $885.14 million, a PE ratio of 17.57 and a beta of 0.63. International Money Express, Inc. has a 52 week low of $14.66 and a 52 week high of $26.23.

International Money Express (NASDAQ:IMXIGet Rating) last announced its earnings results on Wednesday, August 3rd. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.06. The company had revenue of $136.94 million during the quarter, compared to analyst estimates of $133.10 million. International Money Express had a net margin of 10.47% and a return on equity of 40.21%. Equities analysts forecast that International Money Express, Inc. will post 1.63 earnings per share for the current year.

International Money Express Profile

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International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. 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.

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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