IBEX Limited (NASDAQ:IBEX) Major Shareholder Sells $1,584,007.36 in Stock

IBEX Limited (NASDAQ:IBEX) major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of IBEX stock in a transaction dated Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total transaction of $1,584,007.36. Following the completion of the sale, the insider now directly owns 1,641,011 shares in the company, valued at approximately $33,017,141.32. The trade was a 4.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gem G.P. L.P. Pinebridge II also recently made the following trade(s):

• On Thursday, October 10th, Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock. The stock was sold at an average price of $19.03, for a total transaction of $373,787.26.
• On Tuesday, October 8th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.05, for a total value of $381,000.00.
• On Wednesday, October 2nd, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.24, for a total value of $384,800.00.
• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.82, for a total value of $396,400.00.
• On Wednesday, September 25th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Trading Down 2.5 %

NASDAQ:IBEX opened at $20.60 on Friday. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.63. The firm has a market cap of $345.26 million, a price-to-earnings ratio of 10.90 and a beta of 0.76. The company’s 50-day moving average is $19.30 and its two-hundred day moving average is $17.26.

IBEX (NASDAQ:IBEX) last announced its quarterly earnings data on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. The business had revenue of $124.53 million for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%.

Institutional Investors Weigh In On IBEX

Hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. acquired a new position in IBEX in the second quarter valued at $38,000. FMR LLC grew its holdings in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in IBEX in the 3rd quarter valued at about $68,000. Janus Henderson Group PLC increased its stake in shares of IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after acquiring an additional 1,842 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of IBEX during the 1st quarter worth about $349,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on IBEX shares. Royal Bank of Canada raised their price objective on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Robert W. Baird lifted their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, IBEX presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

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.