International Money Express, Inc. (NASDAQ:IMXI) Shares Acquired by Aristides Capital LLC

Aristides Capital LLC increased its position in shares of International Money Express, Inc. (NASDAQ:IMXI) by 33.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,000 shares of the company’s stock after purchasing an additional 5,000 shares during the quarter. Aristides Capital LLC owned 0.06% of International Money Express worth $417,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its stake in shares of International Money Express by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 265,611 shares of the company’s stock worth $5,867,000 after acquiring an additional 2,201 shares during the period. Principal Financial Group Inc. grew its position in International Money Express by 30.9% during the 4th 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 period. Breach Inlet Capital Management LLC purchased a new position in shares of International Money Express during the 4th quarter valued at about $9,736,000. Janney Montgomery Scott LLC acquired a new position in shares of International Money Express in the 1st quarter valued at about $562,000. Finally, Access Investment Management LLC boosted its stake in shares of International Money Express by 5,051.3% in the first quarter. Access Investment Management LLC now owns 41,210 shares of the company’s stock worth $941,000 after buying an additional 40,410 shares during the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Down 0.8 %

International Money Express stock opened at $18.49 on Tuesday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $603.51 million, a PE ratio of 11.07 and a beta of 0.82. The business has a 50 day simple moving average of $18.73 and a 200-day simple moving average of $20.23. International Money Express, Inc. has a 12 month low of $15.76 and a 12 month high of $23.28.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on IMXI. Needham & Company LLC reduced their price target on International Money Express from $25.00 to $22.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. BTIG Research reaffirmed a “neutral” rating on shares of International Money Express in a report on Wednesday, August 7th. Finally, 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. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.