International Money Express, Inc. (NASDAQ:IMXI) Director Buys $105,490.00 in Stock

International Money Express, Inc. (NASDAQ:IMXI) Director Michael J. Purcell purchased 7,000 shares of the firm’s stock in a transaction on Thursday, November 18th. The shares were acquired at an average cost of $15.07 per share, for a total transaction of $105,490.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

IMXI opened at $15.69 on Thursday. The stock has a market capitalization of $605.85 million, a price-to-earnings ratio of 14.14 and a beta of 0.51. International Money Express, Inc. has a 12 month low of $13.14 and a 12 month high of $18.96. The company has a current ratio of 2.33, a quick ratio of 2.33 and a debt-to-equity ratio of 0.61. The stock has a 50-day moving average of $16.64.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its position in International Money Express by 294.5% in the first quarter. Royal Bank of Canada now owns 1,657 shares of the company’s stock worth $25,000 after acquiring an additional 1,237 shares in the last quarter. New York State Teachers Retirement System purchased a new position in International Money Express in the third quarter worth about $45,000. Citigroup Inc. grew its position in International Money Express by 53.9% in the third quarter. Citigroup Inc. now owns 4,128 shares of the company’s stock worth $69,000 after acquiring an additional 1,445 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in International Money Express by 98,950.0% in the second quarter. Metropolitan Life Insurance Co NY now owns 7,924 shares of the company’s stock worth $118,000 after acquiring an additional 7,916 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in shares of International Money Express by 485.4% during the third quarter. BNP Paribas Arbitrage SA now owns 7,698 shares of the company’s stock valued at $129,000 after buying an additional 6,383 shares during the period. Institutional investors own 80.26% of the company’s stock.

A number of research analysts have recently weighed in on IMXI shares. BMO Capital Markets restated a “buy” rating and set a $24.00 price objective on shares of International Money Express in a research report on Monday, November 8th. Zacks Investment Research lowered International Money Express from a “hold” rating to a “sell” rating in a research report on Wednesday, November 10th. Finally, Credit Suisse Group raised their price objective on International Money Express from $18.50 to $19.00 and gave the company a “neutral” rating in a research report on Thursday, November 4th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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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