Groupe la Francaise Raises Stake in International Money Express, Inc. $IMXI

Groupe la Francaise lifted its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 69.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 182,941 shares of the company’s stock after purchasing an additional 74,941 shares during the quarter. Groupe la Francaise owned about 0.61% of International Money Express worth $2,890,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IMXI. Raymond James Financial Inc. purchased a new position in International Money Express in the second quarter valued at about $40,000. Parallel Advisors LLC boosted its stake in shares of International Money Express by 123.5% during the 1st quarter. Parallel Advisors LLC now owns 6,953 shares of the company’s stock worth $110,000 after acquiring an additional 3,842 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of International Money Express by 31.2% in the 4th quarter. Russell Investments Group Ltd. now owns 7,734 shares of the company’s stock worth $119,000 after acquiring an additional 1,840 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of International Money Express in the 4th quarter worth approximately $138,000. Finally, PenderFund Capital Management Ltd. purchased a new position in International Money Express in the 3rd quarter valued at approximately $133,000. Hedge funds and other institutional investors own 86.71% of the company’s stock.

International Money Express Trading Down 9.3%

Shares of IMXI opened at $11.86 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 2.84 and a quick ratio of 2.84. The firm has a 50 day simple moving average of $14.23 and a 200-day simple moving average of $15.17. International Money Express, Inc. has a 1-year low of $8.58 and a 1-year high of $15.95. The stock has a market cap of $356.87 million, a price-to-earnings ratio of 13.95 and a beta of 0.75.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Monday, May 11th. The company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.28). The company had revenue of $121.95 million during the quarter, compared to analysts’ expectations of $141.02 million. International Money Express had a net margin of 4.34% and a return on equity of 23.26%. Equities analysts forecast that International Money Express, Inc. will post 1.95 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IMXI has been the topic of a number of research analyst reports. Weiss Ratings downgraded International Money Express from a “hold (c)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Wall Street Zen cut International Money Express from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, International Money Express has an average rating of “Reduce”.

International Money Express Company 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.