Voss Capital LP Sells 780,464 Shares of International Money Express, Inc. $IMXI

Voss Capital LP lowered its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 40.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,167,390 shares of the company’s stock after selling 780,464 shares during the quarter. International Money Express accounts for approximately 0.8% of Voss Capital LP’s portfolio, making the stock its 28th biggest position. Voss Capital LP’s holdings in International Money Express were worth $16,308,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in IMXI. First Trust Advisors LP grew its stake in shares of International Money Express by 2.1% in the 2nd quarter. First Trust Advisors LP now owns 93,410 shares of the company’s stock valued at $943,000 after buying an additional 1,881 shares during the period. PNC Financial Services Group Inc. boosted its holdings in International Money Express by 19.0% in the second quarter. PNC Financial Services Group Inc. now owns 13,935 shares of the company’s stock worth $141,000 after acquiring an additional 2,224 shares in the last quarter. Raymond James Financial Inc. bought a new position in International Money Express in the second quarter worth approximately $40,000. Magnetar Financial LLC grew its stake in International Money Express by 10.7% in the second quarter. Magnetar Financial LLC now owns 50,859 shares of the company’s stock valued at $513,000 after acquiring an additional 4,914 shares during the period. Finally, Seizert Capital Partners LLC grew its stake in International Money Express by 1.8% in the second quarter. Seizert Capital Partners LLC now owns 277,116 shares of the company’s stock valued at $2,796,000 after acquiring an additional 4,981 shares during the period. Institutional investors own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised International Money Express from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, March 4th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.33.

International Money Express Stock Down 0.1%

Shares of NASDAQ IMXI opened at $15.78 on Wednesday. The company has a debt-to-equity ratio of 1.31, a current ratio of 2.51 and a quick ratio of 2.51. The company has a 50-day moving average price of $15.60 and a 200-day moving average price of $15.14. The stock has a market capitalization of $475.56 million, a P/E ratio of 14.61 and a beta of 0.86. International Money Express, Inc. has a 1 year low of $8.58 and a 1 year high of $15.81.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Friday, March 6th. The company reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.12). The business had revenue of $147.41 million during the quarter, compared to analyst estimates of $162.95 million. International Money Express had a return on equity of 29.00% and a net margin of 5.38%. On average, equities research analysts forecast that International Money Express, Inc. will post 1.97 EPS for the current fiscal year.

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.