IBEX Limited (NASDAQ:IBEX) Director Sells $397,800.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $19.89, for a total value of $397,800.00. Following the completion of the transaction, the director now directly owns 1,864,739 shares in the company, valued at $37,089,658.71. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

IBEX Stock Performance

NASDAQ:IBEX opened at $19.71 on Friday. The stock has a 50-day moving average price of $17.38 and a 200 day moving average price of $15.90. The stock has a market capitalization of $331.13 million, a P/E ratio of 12.88 and a beta of 0.73. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $20.56. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On IBEX

A number of institutional investors have recently added to or reduced their stakes in IBEX. Trexquant Investment LP lifted its holdings in shares of IBEX by 96.8% in the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after buying an additional 17,521 shares in the last quarter. Circumference Group LLC bought a new stake in IBEX in the 4th quarter valued at $7,842,000. Private Capital Management LLC purchased a new stake in IBEX in the 4th quarter worth $920,000. Quadrature Capital Ltd bought a new position in shares of IBEX during the 1st quarter valued at about $349,000. Finally, Kennedy Capital Management LLC grew its position in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

IBEX has been the topic of several recent research reports. Robert W. Baird raised their price objective on IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada lifted their price target on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $20.50.

About IBEX

IBEX Limited provides end-to-end technology-enabled customer lifecycle experience solutions in the United States and internationally. The company products and services portfolio includes ibex Connect, that offers customer service, technical support, revenue generation, and other revenue generation outsourced back-office services through the CX model, which integrates voice, email, chat, SMS, social media, and other communication applications; ibex Digital, a customer acquisition solution that comprises digital marketing, e-commerce technology, and platform solutions; and ibex CX, a customer experience solution, which provides a suite of proprietary software tools to measure, monitor, and manage its clients' customer experience.