Quest Partners LLC Invests $283,000 in International Money Express, Inc. (NASDAQ:IMXI)

Quest Partners LLC purchased a new stake in International Money Express, Inc. (NASDAQ:IMXI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 12,794 shares of the company’s stock, valued at approximately $283,000.

Several other hedge funds have also bought and sold shares of IMXI. Trexquant Investment LP bought a new position in shares of International Money Express in the fourth quarter valued at $1,223,000. Hillsdale Investment Management Inc. bought a new position in International Money Express in the 4th quarter valued at about $4,009,000. First Eagle Investment Management LLC boosted its stake in International Money Express by 115.5% during the 4th quarter. First Eagle Investment Management LLC now owns 255,559 shares of the company’s stock valued at $5,645,000 after purchasing an additional 136,996 shares during the last quarter. Boston Partners increased its holdings in International Money Express by 1,229.3% during the 4th quarter. Boston Partners now owns 571,103 shares of the company’s stock worth $12,501,000 after purchasing an additional 528,139 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of International Money Express by 30.9% in the fourth quarter. Principal Financial Group Inc. now owns 23,941 shares of the company’s stock worth $529,000 after purchasing an additional 5,657 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Insider Buying and Selling at International Money Express

In other news, insider Joseph Aguilar sold 23,700 shares of the firm’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 owns 105,677 shares in the company, valued at approximately $2,232,955.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 10.50% of the company’s stock.

International Money Express Stock Performance

Shares of International Money Express stock opened at $20.95 on Friday. The business’s fifty day simple moving average is $21.39 and its 200 day simple moving average is $21.10. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 1.24. International Money Express, Inc. has a 12 month low of $15.76 and a 12 month high of $26.25. The firm has a market capitalization of $683.81 million, a P/E ratio of 12.54 and a beta of 0.76.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.04. The firm had revenue of $171.78 million during the quarter, compared to analyst estimates of $175.55 million. International Money Express had a return on equity of 43.75% and a net margin of 9.02%. As a group, analysts anticipate that International Money Express, Inc. will post 2.04 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IMXI shares. BMO Capital Markets lifted their target price on International Money Express from $29.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. Monness Crespi & Hardt began coverage on shares of International Money Express in a report on Wednesday, March 20th. They set a “buy” rating and a $27.00 price objective on the stock. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $25.00 target price on shares of International Money Express in a report on Thursday, May 9th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $25.00.

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.