Forager Capital Management LLC Buys 455,000 Shares of International Money Express, Inc. $IMXI

Forager Capital Management LLC increased its stake in shares of International Money Express, Inc. (NASDAQ:IMXI) by 30.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,946,174 shares of the company’s stock after acquiring an additional 455,000 shares during the quarter. International Money Express makes up about 9.6% of Forager Capital Management LLC’s portfolio, making the stock its 5th largest position. Forager Capital Management LLC owned approximately 6.46% of International Money Express worth $19,637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in IMXI. Hotchkis & Wiley Capital Management LLC boosted its position in shares of International Money Express by 92.8% during the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 537,740 shares of the company’s stock worth $6,786,000 after purchasing an additional 258,820 shares in the last quarter. Breach Inlet Capital Management LLC boosted its holdings in International Money Express by 32.8% in the first quarter. Breach Inlet Capital Management LLC now owns 679,132 shares of the company’s stock worth $8,571,000 after acquiring an additional 167,887 shares in the last quarter. Voss Capital LP grew its stake in International Money Express by 6.7% in the first quarter. Voss Capital LP now owns 1,947,854 shares of the company’s stock valued at $24,582,000 after acquiring an additional 122,854 shares during the period. American Century Companies Inc. increased its holdings in shares of International Money Express by 45.7% during the first quarter. American Century Companies Inc. now owns 367,139 shares of the company’s stock valued at $4,633,000 after acquiring an additional 115,239 shares in the last quarter. Finally, Seizert Capital Partners LLC increased its holdings in shares of International Money Express by 56.6% during the first quarter. Seizert Capital Partners LLC now owns 272,135 shares of the company’s stock valued at $3,434,000 after acquiring an additional 98,394 shares in the last quarter. Institutional investors and hedge funds own 86.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on IMXI. Zacks Research upgraded International Money Express from a “strong sell” rating to a “hold” rating in a report on Friday, October 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of International Money Express in a report on Monday. Wall Street Zen raised shares of International Money Express from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. Finally, Northland Capmk cut shares of International Money Express from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 11th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, International Money Express currently has an average rating of “Hold” and a consensus target price of $14.33.

International Money Express Stock Performance

Shares of IMXI stock opened at $15.12 on Wednesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a 50-day moving average of $14.71 and a 200-day moving average of $12.68. International Money Express, Inc. has a one year low of $8.58 and a one year high of $22.30. The company has a market cap of $449.37 million, a P/E ratio of 11.81 and a beta of 0.91.

International Money Express Company 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.