Proficio Capital Partners LLC Makes New $332,000 Investment in International Money Express, Inc. (NASDAQ:IMXI)

Proficio Capital Partners LLC acquired a new stake in International Money Express, Inc. (NASDAQ:IMXI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 15,956 shares of the company’s stock, valued at approximately $332,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its stake in shares of International Money Express by 7.5% during the third quarter. Wellington Management Group LLP now owns 1,556,925 shares of the company’s stock valued at $28,788,000 after acquiring an additional 109,293 shares in the last quarter. Forager Capital Management LLC increased its position in shares of International Money Express by 27.1% in the 3rd quarter. Forager Capital Management LLC now owns 1,221,174 shares of the company’s stock valued at $22,580,000 after acquiring an additional 260,000 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of International Money Express by 17.2% in the third quarter. ArrowMark Colorado Holdings LLC now owns 994,925 shares of the company’s stock worth $18,396,000 after purchasing an additional 145,686 shares during the last quarter. Investment Management Associates Inc. ADV raised its position in International Money Express by 1.9% during the 4th quarter. Investment Management Associates Inc. ADV now owns 899,232 shares of the company’s stock worth $18,731,000 after buying an additional 16,530 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC purchased a new position in shares of International Money Express during the third quarter worth $4,854,000. 86.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

International Money Express Stock Up 0.5 %

Shares of IMXI opened at $13.47 on Wednesday. International Money Express, Inc. has a one year low of $12.82 and a one year high of $23.28. The stock has a market capitalization of $412.88 million, a price-to-earnings ratio of 7.53 and a beta of 0.87. The stock has a 50 day moving average price of $17.02 and a 200 day moving average price of $18.67. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.80 and a current ratio of 1.80.

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.