Diametric Capital LP Has $395,000 Stock Position in International Money Express, Inc. (NASDAQ:IMXI)

Diametric Capital LP lowered its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,961 shares of the company’s stock after selling 1,039 shares during the quarter. Diametric Capital LP’s holdings in International Money Express were worth $395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its stake in shares of International Money Express by 23.4% during the fourth quarter. SG Americas Securities LLC now owns 11,520 shares of the company’s stock valued at $240,000 after purchasing an additional 2,182 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in International Money Express during the fourth quarter valued at approximately $332,000. Intech Investment Management LLC bought a new stake in shares of International Money Express in the 4th quarter valued at $339,000. SkyView Investment Advisors LLC increased its holdings in shares of International Money Express by 3.2% in the third quarter. SkyView Investment Advisors LLC now owns 20,241 shares of the company’s stock worth $374,000 after acquiring an additional 637 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new stake in International Money Express during the 4th quarter worth approximately $429,000. Institutional investors and hedge funds own 86.71% of the company’s stock.

International Money Express Price Performance

IMXI stock opened at $12.62 on Tuesday. The company’s 50-day moving average price is $16.38 and its two-hundred day moving average price is $18.53. The firm has a market cap of $386.83 million, a P/E ratio of 7.05 and a beta of 0.87. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 1.12. International Money Express, Inc. has a 12 month low of $12.57 and a 12 month high of $23.28.

Analyst Ratings Changes

IMXI has been the topic of several recent research reports. Needham & Company LLC dropped their price target on International Money Express from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group dropped their target price on International Money Express from $22.00 to $17.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 4th. Finally, Monness Crespi & Hardt downgraded International Money Express from a “buy” rating to a “neutral” rating in a research report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, International Money Express presently has an average rating of “Hold” and a consensus target price of $24.50.

International Money Express Profile

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.