International Money Express, Inc. (NASDAQ:IMXI) Shares Sold by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC trimmed its holdings in International Money Express, Inc. (NASDAQ:IMXI) by 24.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,321,143 shares of the company’s stock after selling 427,400 shares during the period. Lord Abbett & CO. LLC owned 3.42% of International Money Express worth $22,063,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New York State Teachers Retirement System acquired a new stake in International Money Express in the 3rd quarter worth about $45,000. Metropolitan Life Insurance Co NY boosted its stake in International Money Express by 98,950.0% in the 2nd quarter. Metropolitan Life Insurance Co NY now owns 7,924 shares of the company’s stock worth $118,000 after buying an additional 7,916 shares during the last quarter. Wescott Financial Advisory Group LLC acquired a new stake in International Money Express in the 3rd quarter worth about $167,000. Dimensional Fund Advisors LP acquired a new stake in International Money Express in the 2nd quarter worth about $186,000. Finally, Legal & General Group Plc boosted its stake in International Money Express by 211.1% in the 2nd quarter. Legal & General Group Plc now owns 14,200 shares of the company’s stock worth $211,000 after buying an additional 9,636 shares during the last quarter. 79.36% of the stock is currently owned by hedge funds and other institutional investors.

International Money Express stock opened at $16.69 on Friday. The company has a market cap of $644.40 million, a price-to-earnings ratio of 15.04 and a beta of 0.54. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.33 and a quick ratio of 2.33. International Money Express, Inc. has a 12 month low of $13.14 and a 12 month high of $18.96. The stock’s 50-day moving average is $15.91 and its 200-day moving average is $16.37.

International Money Express (NASDAQ:IMXI) last announced its earnings results on Wednesday, November 3rd. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.35 by $0.02. The business had revenue of $120.71 million for the quarter, compared to the consensus estimate of $116.20 million. International Money Express had a return on equity of 44.08% and a net margin of 10.05%. Research analysts anticipate that International Money Express, Inc. will post 1.27 EPS for the current year.

In other International Money Express news, Director Michael J. Purcell acquired 7,000 shares of the company’s stock in a transaction on Thursday, November 18th. The shares were bought at an average cost of $15.07 per share, for a total transaction of $105,490.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Rincon sold 20,000 shares of International Money Express stock in a transaction that occurred on Friday, November 12th. The stock was sold at an average price of $16.66, for a total value of $333,200.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 73,216 shares of company stock worth $1,182,809. Company insiders own 16.00% of the company’s stock.

IMXI has been the topic of a number of research reports. BMO Capital Markets restated a “buy” rating and issued a $24.00 price objective on shares of International Money Express in a report on Monday, November 8th. Zacks Investment Research upgraded International Money Express from a “sell” rating to a “hold” rating in a report on Wednesday, January 5th. Finally, Credit Suisse Group raised their price objective on International Money Express from $18.50 to $19.00 and gave the stock a “neutral” rating in a report on Thursday, November 4th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $21.00.

About International Money Express

International Money Express, Inc engages in the provision of money transmittal services. It offers online money transfer, in person wire transfer, check processing, prepaid debit card, bill payment, and telewire services. The company was founded in 1994 and is headquartered in Miami, FL.

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Institutional Ownership by Quarter for International Money Express (NASDAQ:IMXI)

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