International Money Express, Inc. (NASDAQ:IMXI) Stock Position Lowered by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lessened its position in International Money Express, Inc. (NASDAQ:IMXI) by 24.4% during the third quarter, Holdings Channel reports. The institutional investor owned 1,321,143 shares of the company’s stock after selling 427,400 shares during the quarter. Lord Abbett & CO. LLC’s holdings in International Money Express were worth $22,063,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of International Money Express by 2.2% in the 2nd quarter. BlackRock Inc. now owns 2,508,583 shares of the company’s stock worth $37,252,000 after buying an additional 53,216 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of International Money Express by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,949,142 shares of the company’s stock worth $28,945,000 after buying an additional 121,426 shares in the last quarter. Nantahala Capital Management LLC raised its stake in shares of International Money Express by 14.2% in the 2nd quarter. Nantahala Capital Management LLC now owns 1,722,240 shares of the company’s stock worth $25,575,000 after buying an additional 213,722 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its stake in shares of International Money Express by 105.6% in the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 1,595,090 shares of the company’s stock worth $23,687,000 after buying an additional 819,230 shares in the last quarter. Finally, Voss Capital LLC acquired a new stake in shares of International Money Express during the second quarter worth $11,382,000. 79.36% of the stock is currently owned by institutional investors.

Shares of International Money Express stock opened at $16.69 on Friday. International Money Express, Inc. has a 12-month low of $13.14 and a 12-month high of $18.96. The company has a quick ratio of 2.33, a current ratio of 2.33 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $644.40 million, a PE ratio of 15.04 and a beta of 0.54. The stock’s fifty day moving average is $15.91 and its 200-day moving average is $16.37.

International Money Express (NASDAQ:IMXI) last issued its quarterly earnings results on Wednesday, November 3rd. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. International Money Express had a return on equity of 44.08% and a net margin of 10.05%. The business had revenue of $120.71 million for the quarter, compared to the consensus estimate of $116.20 million. Analysts expect that International Money Express, Inc. will post 1.27 EPS for the current year.

In other news, Director John Rincon sold 20,000 shares of International Money Express stock in a transaction on Friday, November 12th. The stock was sold at an average price of $16.66, for a total transaction of $333,200.00. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Lisy sold 24,812 shares of International Money Express stock in a transaction on Wednesday, December 15th. The shares were sold at an average price of $16.12, for a total value of $399,969.44. The disclosure for this sale can be found here. Insiders have sold 73,216 shares of company stock worth $1,182,809 in the last quarter. 16.00% of the stock is currently owned by corporate insiders.

IMXI has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their target price on International Money Express from $18.50 to $19.00 and gave the stock a “neutral” rating in a research report on Thursday, November 4th. BMO Capital Markets reaffirmed a “buy” rating and set a $24.00 target price on shares of International Money Express in a research report on Monday, November 8th. Finally, Zacks Investment Research raised International Money Express from a “sell” rating to a “hold” rating in a research report on Wednesday, January 5th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of $21.00.

About International Money Express

International Money Express, Inc engages in the provision of money transmittal services. It offers online money transfer, in person wire transfer, check processing, prepaid debit card, bill payment, and telewire services. The company was founded in 1994 and is headquartered in Miami, FL.

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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