International Money Express, Inc. $IMXI Shares Acquired by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. increased its stake in International Money Express, Inc. (NASDAQ:IMXI) by 33.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 255,400 shares of the company’s stock after purchasing an additional 64,050 shares during the quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in International Money Express were worth $3,923,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of International Money Express in the second quarter valued at about $40,000. New York State Common Retirement Fund grew its stake in shares of International Money Express by 7,457.6% in the third quarter. New York State Common Retirement Fund now owns 8,918 shares of the company’s stock valued at $125,000 after buying an additional 8,800 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of International Money Express in the second quarter valued at about $130,000. PenderFund Capital Management Ltd. acquired a new stake in shares of International Money Express in the third quarter valued at about $133,000. Finally, State of Alaska Department of Revenue acquired a new stake in shares of International Money Express in the fourth quarter valued at about $138,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Stock Performance

Shares of IMXI opened at $15.36 on Monday. The company has a market capitalization of $462.18 million, a P/E ratio of 18.07 and a beta of 0.78. International Money Express, Inc. has a one year low of $8.58 and a one year high of $15.95. The company has a debt-to-equity ratio of 1.57, a quick ratio of 2.84 and a current ratio of 2.84. The stock has a 50-day moving average price of $15.80 and a 200 day moving average price of $15.52.

International Money Express (NASDAQ:IMXI) last released its earnings results on Monday, May 11th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). International Money Express had a return on equity of 23.26% and a net margin of 4.34%.The firm had revenue of $121.95 million for the quarter, compared to the consensus estimate of $141.02 million. Sell-side analysts forecast that International Money Express, Inc. will post 1.86 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Weiss Ratings downgraded International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Wall Street Zen downgraded International Money Express from a “hold” rating to a “sell” rating in a report on Saturday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Reduce”.

International Money Express Profile

International Money Express, Inc (NASDAQ: IMXI) is a U.S.-based financial services company specializing in cross-border money transfers and digital payment solutions. Through its proprietary IMX platform, the company enables person-to-person transfers, bill payments and cash disbursement services. Its digital offerings include a mobile app and web portal that allow customers to send funds securely to relatives and businesses in multiple countries.

The company operates a network of thousands of agent locations across key remittance corridors in Latin America, the Caribbean and parts of the Asia-Pacific region.