Summit Creek Advisors LLC Makes New Investment in International Money Express, Inc. (NASDAQ:IMXI)

Summit Creek Advisors LLC purchased a new position in shares of International Money Express, Inc. (NASDAQ:IMXI – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 293,062 shares of the company’s stock, valued at approximately $7,555,000. Summit Creek Advisors LLC owned 0.80% of International Money Express at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IMXI. Point72 Hong Kong Ltd acquired a new position in shares of International Money Express during the first quarter worth about $32,000. Fifth Third Bancorp acquired a new position in International Money Express in the first quarter valued at approximately $38,000. Penserra Capital Management LLC acquired a new position in International Money Express in the first quarter valued at approximately $46,000. Denali Advisors LLC acquired a new position in International Money Express in the fourth quarter valued at approximately $56,000. Finally, Advisor Group Holdings Inc. boosted its holdings in International Money Express by 259.2% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,899 shares of the company’s stock valued at $71,000 after purchasing an additional 2,092 shares in the last quarter. 83.49% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

IMXI has been the subject of several research analyst reports. Northland Securities decreased their price objective on International Money Express from $28.00 to $25.00 in a report on Thursday. JMP Securities downgraded International Money Express from an “outperform” rating to a “market perform” rating in a report on Thursday. Finally, Needham & Company LLC reissued a “buy” rating and issued a $35.00 price objective on shares of International Money Express in a report on Friday, June 30th.

International Money Express Stock Performance

Shares of International Money Express stock traded up $1.23 during trading hours on Friday, hitting $18.93. 464,397 shares of the company were exchanged, compared to its average volume of 318,600. International Money Express, Inc. has a 1 year low of $17.63 and a 1 year high of $28.24. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.74. The business has a 50-day moving average of $24.40 and a 200-day moving average of $24.52. The stock has a market capitalization of $689.39 million, a price-to-earnings ratio of 12.60 and a beta of 0.46.

International Money Express (NASDAQ:IMXI – Get Free Report) last released its quarterly earnings results on Thursday, May 4th. The company reported $0.34 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.05). International Money Express had a return on equity of 43.13% and a net margin of 9.33%. The company had revenue of $145.36 million for the quarter, compared to analysts’ expectations of $143.25 million. As a group, analysts expect that International Money Express, Inc. will post 1.92 EPS for the current fiscal year.

Insiders Place Their Bets

In other International Money Express news, CEO Robert Lisy sold 25,000 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $24.45, for a total value of $611,250.00. Following the completion of the transaction, the chief executive officer now owns 343,531 shares in the company, valued at $8,399,332.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 10.50% of the stock is currently owned by company insiders.

International Money Express Company Profile

(Free Report)

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia. The company offers remittance services, which include a suite of ancillary financial processing solutions and payment services; and online payment options, pre-paid debit cards, and direct deposit payroll cards.

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