Proficio Capital Partners LLC Takes $332,000 Position in International Money Express, Inc. (NASDAQ:IMXI)

Proficio Capital Partners LLC bought a new stake in International Money Express, Inc. (NASDAQ:IMXI) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 15,956 shares of the company’s stock, valued at approximately $332,000. Proficio Capital Partners LLC owned 0.05% of International Money Express at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Wellington Management Group LLP increased its position in shares of International Money Express by 7.5% during the third quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock worth $28,788,000 after purchasing an additional 109,293 shares in the last quarter. Forager Capital Management LLC increased its position in shares of International Money Express by 27.1% during the third quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock worth $22,580,000 after purchasing an additional 260,000 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in shares of International Money Express by 17.2% during the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares in the last quarter. New South Capital Management Inc. acquired a new stake in shares of International Money Express during the third quarter worth about $17,055,000. Finally, Investment Management Associates Inc. ADV increased its position in shares of International Money Express by 1.9% during the fourth quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock worth $18,731,000 after purchasing an additional 16,530 shares in the last quarter. 86.71% of the stock is owned by hedge funds and other institutional investors.

International Money Express Stock Down 2.1 %

NASDAQ:IMXI opened at $13.37 on Wednesday. The company has a market capitalization of $409.82 million, a price-to-earnings ratio of 7.47 and a beta of 0.87. International Money Express, Inc. has a one year low of $13.25 and a one year high of $23.28. The stock has a 50-day simple moving average of $18.46 and a 200 day simple moving average of $19.00. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IMXI shares. Needham & Company LLC dropped their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Monness Crespi & Hardt cut International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Finally, UBS Group dropped their price target on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.50.

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.