Insider Buying: International Money Express, Inc. (NASDAQ:IMXI) CAO Acquires 1,404 Shares of Stock

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International Money Express, Inc. (NASDAQ:IMXI) CAO Jose Perez-Villarreal acquired 1,404 shares of the firm’s stock in a transaction that occurred on Monday, January 4th. The shares were purchased at an average cost of $15.49 per share, with a total value of $21,747.96. Following the completion of the acquisition, the chief accounting officer now owns 96,626 shares in the company, valued at approximately $1,496,736.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jose Perez-Villarreal also recently made the following trade(s):

  • On Monday, December 14th, Jose Perez-Villarreal sold 1,404 shares of International Money Express stock. The stock was sold at an average price of $17.09, for a total transaction of $23,994.36.

Shares of IMXI stock traded up $0.55 during mid-day trading on Tuesday, reaching $16.01. The company’s stock had a trading volume of 218,154 shares, compared to its average volume of 186,422. International Money Express, Inc. has a 1-year low of $6.46 and a 1-year high of $18.69. The company has a market cap of $609.55 million, a P/E ratio of 19.82 and a beta of 0.46. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.03 and a current ratio of 2.03. The firm’s 50-day moving average is $16.02 and its two-hundred day moving average is $15.30.

International Money Express (NASDAQ:IMXI) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.30. International Money Express had a net margin of 8.65% and a return on equity of 52.83%. The company had revenue of $95.59 million during the quarter, compared to analysts’ expectations of $89.55 million. Sell-side analysts anticipate that International Money Express, Inc. will post 1 EPS for the current year.

Several analysts recently issued reports on IMXI shares. BMO Capital Markets upped their price objective on shares of International Money Express from $15.00 to $17.00 and gave the stock a “market perform” rating in a report on Thursday, November 5th. Credit Suisse Group upped their price objective on shares of International Money Express from $16.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, November 5th. Zacks Investment Research downgraded shares of International Money Express from a “buy” rating to a “hold” rating in a report on Tuesday, November 10th. ValuEngine downgraded shares of International Money Express from a “hold” rating to a “sell” rating in a report on Monday, October 19th. Finally, BidaskClub downgraded shares of International Money Express from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 22nd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. International Money Express currently has an average rating of “Hold” and a consensus price target of $18.00.

Several hedge funds have recently made changes to their positions in IMXI. Denali Advisors LLC acquired a new position in shares of International Money Express in the 3rd quarter valued at $73,000. BNP Paribas Arbitrage SA raised its stake in shares of International Money Express by 887.7% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 5,482 shares of the company’s stock valued at $79,000 after buying an additional 4,927 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of International Money Express by 96.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,813 shares of the company’s stock valued at $139,000 after buying an additional 4,316 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of International Money Express during the 3rd quarter worth about $174,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of International Money Express by 6,015.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 12,475 shares of the company’s stock worth $180,000 after purchasing an additional 12,271 shares in the last quarter. Institutional investors own 52.37% of the company’s stock.

About International Money Express

International Money Express, Inc, through its subsidiary, operates as a money remittance services company in the United States, Latin America, Mexico, Africa, Central and South America, and the Caribbean. 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.

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