Coombe Bender & Co LLC Buys 10,218 Shares of International Money Express, Inc. (NASDAQ:IMXI)

Coombe Bender & Co LLC lifted its stake in International Money Express, Inc. (NASDAQ:IMXI) by 5.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 203,823 shares of the company’s stock after acquiring an additional 10,218 shares during the period. International Money Express accounts for about 2.8% of Coombe Bender & Co LLC’s investment portfolio, making the stock its 12th largest position. Coombe Bender & Co LLC’s holdings in International Money Express were worth $4,502,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. International Assets Investment Management LLC bought a new stake in shares of International Money Express during the 4th quarter worth $38,000. New York State Teachers Retirement System bought a new stake in International Money Express during the fourth quarter valued at about $65,000. DekaBank Deutsche Girozentrale bought a new position in shares of International Money Express in the fourth quarter worth about $95,000. SG Americas Securities LLC acquired a new position in shares of International Money Express during the 3rd quarter worth about $130,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in International Money Express by 39.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,071 shares of the company’s stock valued at $154,000 after purchasing an additional 2,585 shares during the period. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

Shares of International Money Express stock traded down $0.02 during midday trading on Thursday, hitting $20.03. 85,468 shares of the company were exchanged, compared to its average volume of 215,906. The firm has a 50 day simple moving average of $21.37 and a 200-day simple moving average of $20.63. International Money Express, Inc. has a 52 week low of $15.76 and a 52 week high of $26.71. The firm has a market cap of $675.61 million, a P/E ratio of 12.30 and a beta of 0.76. The company has a debt-to-equity ratio of 1.37, a current ratio of 1.94 and a quick ratio of 1.94.

International Money Express (NASDAQ:IMXI) last posted its earnings results on Tuesday, February 27th. The company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.04. International Money Express had a net margin of 9.03% and a return on equity of 42.30%. The business had revenue of $171.78 million for the quarter, compared to analyst estimates of $175.55 million. Research analysts forecast that International Money Express, Inc. will post 2.05 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joseph Aguilar sold 23,700 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $21.13, for a total value of $500,781.00. Following the completion of the transaction, the insider now owns 105,677 shares in the company, valued at approximately $2,232,955.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on IMXI. Monness Crespi & Hardt began coverage on International Money Express in a research report on Wednesday, March 20th. They issued a “buy” rating and a $27.00 price objective for the company. BMO Capital Markets dropped their price objective on shares of International Money Express from $30.00 to $29.00 and set an “outperform” rating on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $24.00.

About International Money Express

International Money Express, Inc, together with its subsidiaries, operates as an omnichannel 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.