International Money Express, Inc. (NASDAQ:IMXI) is Steamboat Capital Partners LLC’s 2nd Largest Position

Steamboat Capital Partners LLC decreased its position in International Money Express, Inc. (NASDAQ:IMXI) by 25.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 990,000 shares of the company’s stock after selling 340,977 shares during the period. International Money Express accounts for about 8.5% of Steamboat Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Steamboat Capital Partners LLC owned approximately 2.72% of International Money Express worth $25,522,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Riverbridge Partners LLC bought a new position in International Money Express in the first quarter worth approximately $26,865,000. Portolan Capital Management LLC increased its position in shares of International Money Express by 115.9% during the fourth quarter. Portolan Capital Management LLC now owns 915,390 shares of the company’s stock worth $22,308,000 after purchasing an additional 491,428 shares in the last quarter. Alta Fox Capital Management LLC acquired a new position in shares of International Money Express during the fourth quarter worth $7,881,000. Summit Creek Advisors LLC acquired a new position in shares of International Money Express during the first quarter worth $7,555,000. Finally, Voss Capital LLC increased its position in shares of International Money Express by 29.6% during the fourth quarter. Voss Capital LLC now owns 1,276,577 shares of the company’s stock worth $31,110,000 after purchasing an additional 291,577 shares in the last quarter. Hedge funds and other institutional investors own 84.81% of the company’s stock.

International Money Express Stock Performance

NASDAQ:IMXI traded up $0.23 during mid-day trading on Tuesday, hitting $17.72. The company’s stock had a trading volume of 66,533 shares, compared to its average volume of 312,488. International Money Express, Inc. has a 1 year low of $17.11 and a 1 year high of $28.24. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market cap of $627.61 million, a price-to-earnings ratio of 11.58 and a beta of 0.51. The business’s fifty day moving average is $20.88 and its two-hundred day moving average is $23.34.

International Money Express (NASDAQ:IMXI) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.02). International Money Express had a net margin of 9.33% and a return on equity of 43.09%. The business had revenue of $169.15 million during the quarter, compared to analysts’ expectations of $171.35 million.

Wall Street Analysts Forecast Growth

IMXI has been the topic of a number of recent analyst reports. JMP Securities downgraded International Money Express from an “outperform” rating to a “market perform” rating in a research report on Thursday, August 3rd. Needham & Company LLC reissued a “buy” rating and issued a $35.00 target price on shares of International Money Express in a research report on Friday, June 30th. Finally, Northland Securities cut their target price on International Money Express from $28.00 to $25.00 in a research report on Thursday, August 3rd.

International Money Express Company Profile

International Money Express, Inc, through its subsidiary, operates as a 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.