Samson Rock Capital LLP Takes $1.28 Million Position in International Money Express, Inc. (NASDAQ:IMXI)

Samson Rock Capital LLP acquired a new position in shares of International Money Express, Inc. (NASDAQ:IMXI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 69,000 shares of the company’s stock, valued at approximately $1,276,000. International Money Express comprises about 1.3% of Samson Rock Capital LLP’s investment portfolio, making the stock its 7th largest holding. Samson Rock Capital LLP owned approximately 0.21% of International Money Express at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in International Money Express by 201.7% in the 2nd quarter. CWM LLC now owns 3,394 shares of the company’s stock valued at $71,000 after purchasing an additional 2,269 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of International Money Express in the second quarter valued at about $91,000. Quarry LP grew its position in International Money Express by 113.7% during the second quarter. Quarry LP now owns 4,760 shares of the company’s stock worth $99,000 after buying an additional 2,533 shares in the last quarter. Meeder Asset Management Inc. increased its stake in International Money Express by 1,277.5% during the second quarter. Meeder Asset Management Inc. now owns 6,061 shares of the company’s stock valued at $126,000 after acquiring an additional 5,621 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in International Money Express by 41.5% in the 1st quarter. Lazard Asset Management LLC now owns 6,319 shares of the company’s stock valued at $143,000 after acquiring an additional 1,853 shares in the last quarter. Institutional investors own 86.71% of the company’s stock.

International Money Express Stock Down 0.5 %

Shares of NASDAQ:IMXI opened at $17.21 on Wednesday. The company’s fifty day moving average is $18.21 and its 200-day moving average is $20.04. The company has a debt-to-equity ratio of 1.57, a quick ratio of 1.88 and a current ratio of 1.88. International Money Express, Inc. has a 52 week low of $15.76 and a 52 week high of $23.28. The company has a market capitalization of $561.73 million, a PE ratio of 10.31 and a beta of 0.81.

International Money Express (NASDAQ:IMXI) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.02). The firm had revenue of $171.53 million during the quarter, compared to analyst estimates of $174.89 million. International Money Express had a net margin of 8.78% and a return on equity of 43.97%. International Money Express’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Equities research analysts predict that International Money Express, Inc. will post 1.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

IMXI has been the topic of several recent research reports. Needham & Company LLC decreased their price objective on International Money Express from $25.00 to $22.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Northland Securities lowered their price target on shares of International Money Express from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th. Oppenheimer initiated coverage on shares of International Money Express in a research note on Tuesday, October 1st. They issued a “market perform” rating for the company. Finally, BTIG Research reiterated a “neutral” rating on shares of International Money Express in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $24.17.

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.