Royce & Associates LP Buys 49,582 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Royce & Associates LP raised its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 9.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 557,189 shares of the company’s stock after buying an additional 49,582 shares during the quarter. Royce & Associates LP owned about 1.71% of International Money Express worth $10,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its holdings in shares of International Money Express by 95.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 97,072 shares of the company’s stock worth $2,217,000 after acquiring an additional 47,385 shares during the period. Janney Montgomery Scott LLC bought a new stake in shares of International Money Express during the 1st quarter worth approximately $562,000. American Century Companies Inc. boosted its holdings in shares of International Money Express by 44.1% in the 2nd quarter. American Century Companies Inc. now owns 147,260 shares of the company’s stock valued at $3,069,000 after buying an additional 45,068 shares during the last quarter. First Eagle Investment Management LLC grew its position in shares of International Money Express by 46.9% in the 2nd quarter. First Eagle Investment Management LLC now owns 477,273 shares of the company’s stock valued at $9,946,000 after acquiring an additional 152,464 shares during the period. Finally, New South Capital Management Inc. acquired a new position in shares of International Money Express during the 3rd quarter worth about $17,055,000. Institutional investors own 86.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Northland Securities upped their price objective on International Money Express from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. BTIG Research reissued a “neutral” rating on shares of International Money Express in a research note on Wednesday, August 7th. BMO Capital Markets boosted their price target on International Money Express from $27.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. Monness Crespi & Hardt dropped their price objective on shares of International Money Express from $30.00 to $28.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Oppenheimer began coverage on shares of International Money Express in a research note on Tuesday, October 1st. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, International Money Express has a consensus rating of “Moderate Buy” and a consensus target price of $27.00.

International Money Express Price Performance

International Money Express stock opened at $20.87 on Friday. The stock has a market capitalization of $649.04 million, a price-to-earnings ratio of 11.66 and a beta of 0.82. International Money Express, Inc. has a 52-week low of $16.17 and a 52-week high of $23.28. The stock’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $19.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.88 and a current ratio of 1.80.

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.