Heron Bay Capital Management Acquires 810 Shares of IBEX Limited (NASDAQ:IBEX)

Heron Bay Capital Management raised its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 4.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 17,640 shares of the company’s stock after acquiring an additional 810 shares during the period. Heron Bay Capital Management owned approximately 0.11% of IBEX worth $379,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC raised its position in shares of IBEX by 314.5% during the 3rd 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 bought a new stake in shares of IBEX during the 4th quarter valued at $48,000. Quantbot Technologies LP raised its position in shares of IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after acquiring an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of IBEX during the 3rd quarter valued at $68,000. Finally, SG Americas Securities LLC bought a new stake in shares of IBEX during the 4th quarter valued at $116,000. Institutional investors own 81.24% of the company’s stock.

Insiders Place Their Bets

In other IBEX news, CEO Robert Thomas Dechant sold 5,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $27.56, for a total transaction of $137,800.00. Following the completion of the transaction, the chief executive officer now owns 213,633 shares in the company, valued at approximately $5,887,725.48. This represents a 2.29 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $26.50, for a total value of $333,900.00. Following the transaction, the director now owns 89,912 shares of the company’s stock, valued at approximately $2,382,668. This trade represents a 12.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,412 shares of company stock worth $4,659,939. Corporate insiders own 6.72% of the company’s stock.

IBEX Price Performance

IBEX opened at $25.22 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $27.83. The company has a fifty day simple moving average of $24.17 and a 200 day simple moving average of $21.23. The stock has a market cap 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 data on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Wall Street Analyst Weigh In

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

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.