Wells Fargo & Company MN increased its holdings in International Money Express Inc (NASDAQ:IMXI) by 12.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 13,640 shares of the company’s stock after acquiring an additional 1,484 shares during the period. Wells Fargo & Company MN’s holdings in International Money Express were worth $192,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of IMXI. Anchor Capital Advisors LLC purchased a new position in International Money Express in the second quarter worth approximately $1,273,000. Hennessy Advisors Inc. purchased a new position in International Money Express in the second quarter worth approximately $494,000. Finally, Strs Ohio purchased a new position in International Money Express in the second quarter worth approximately $49,000. Institutional investors own 37.23% of the company’s stock.
NASDAQ:IMXI opened at $13.75 on Friday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 2.81. The stock’s fifty day moving average is $13.65 and its two-hundred day moving average is $13.32. International Money Express Inc has a 52 week low of $10.31 and a 52 week high of $15.11. The stock has a market capitalization of $512.77 million, a price-to-earnings ratio of 54.00 and a beta of -0.23.
In other International Money Express news, insider Solomon Cohen sold 16,508 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $12.75, for a total transaction of $210,477.00. Also, major shareholder William Velez sold 8,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $11.96, for a total value of $95,680.00. Insiders have sold 124,508 shares of company stock worth $1,502,157 over the last 90 days. 43.10% of the stock is owned by insiders.
Several research analysts recently weighed in on IMXI shares. BTIG Research reiterated a “buy” rating and issued a $20.00 price objective on shares of International Money Express in a research report on Monday, August 12th. ValuEngine lowered International Money Express from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Northland Securities set a $17.00 price objective on International Money Express and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Zacks Investment Research upgraded International Money Express from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $16.50.
International Money Express Company Profile
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, and the Caribbean. The company offers remittance services, including a suite of ancillary financial processing solutions and payment services.
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