IBEX Limited (NASDAQ:IBEX) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. raised its position in shares of IBEX Limited (NASDAQ:IBEX) by 35.8% in the fourth quarter, Holdings Channel.com reports. The fund owned 212,200 shares of the company’s stock after acquiring an additional 55,900 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in IBEX were worth $4,560,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in IBEX. FMR LLC raised its holdings in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the last quarter. R Squared Ltd acquired a new position in shares of IBEX during the fourth quarter valued at approximately $48,000. Quantbot Technologies LP increased its holdings in shares of IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after purchasing an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in IBEX in the third quarter worth approximately $68,000. Finally, SG Americas Securities LLC purchased a new position in IBEX in the fourth quarter worth approximately $116,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada raised their price target on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research report on Friday, February 7th.

IBEX Price Performance

IBEX opened at $25.22 on Friday. The business’s 50-day simple moving average is $24.17 and its 200-day simple moving average is $21.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The stock has a market capitalization of $332.70 million, a P/E ratio of 11.84 and a beta of 0.75.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Insider Buying and Selling

In other news, insider Bruce Neil Dawson sold 13,500 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the sale, the insider now owns 5,607 shares in the company, valued at approximately $134,568. This represents a 70.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Thomas Dechant sold 1,792 shares of the stock in a transaction dated Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the sale, the chief executive officer now owns 226,841 shares in the company, valued at approximately $5,103,922.50. This trade represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 183,412 shares of company stock worth $4,659,939 in the last ninety days. Insiders own 6.72% of the company’s stock.

IBEX Profile

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.