15,956 Shares in International Money Express, Inc. (NASDAQ:IMXI) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of 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 (SEC). The firm purchased 15,956 shares of the company’s stock, valued at approximately $332,000. Proficio Capital Partners LLC owned approximately 0.05% of International Money Express as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in International Money Express by 11.1% during the fourth quarter. Bank of New York Mellon Corp now owns 114,030 shares of the company’s stock valued at $2,375,000 after purchasing an additional 11,388 shares during the period. Investment Management Associates Inc. ADV boosted its position in International Money Express by 1.9% in 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 during the last quarter. Principal Financial Group Inc. grew its stake in shares of International Money Express by 11.0% during the 4th quarter. Principal Financial Group Inc. now owns 38,011 shares of the company’s stock valued at $792,000 after purchasing an additional 3,753 shares during the period. SG Americas Securities LLC boosted its holdings in shares of International Money Express by 23.4% in the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock worth $240,000 after buying an additional 2,182 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of International Money Express by 8.6% in the third quarter. JPMorgan Chase & Co. now owns 221,109 shares of the company’s stock worth $4,088,000 after buying an additional 17,452 shares during the last quarter. 86.71% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express Trading Up 0.5 %

International Money Express stock opened at $13.47 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $412.88 million, a P/E ratio of 7.53 and a beta of 0.87. International Money Express, Inc. has a 1 year low of $12.82 and a 1 year high of $23.28. The firm’s 50 day moving average price is $17.02 and its 200-day moving average price is $18.67.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. UBS Group reduced their target price on shares of International Money Express from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, March 4th. Monness Crespi & Hardt lowered International Money Express from a “buy” rating to a “neutral” rating in a report on Thursday, January 23rd. Finally, Needham & Company LLC reduced their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, International Money Express presently has a consensus rating of “Hold” and a consensus target price of $24.50.

International Money Express Company 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.