IBEX Limited (NASDAQ:IBEX) Shares Purchased by Perritt Capital Management Inc

Perritt Capital Management Inc increased its stake in shares of IBEX Limited (NASDAQ:IBEX) by 18.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,600 shares of the company’s stock after buying an additional 3,000 shares during the quarter. Perritt Capital Management Inc owned about 0.12% of IBEX worth $421,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Royce & Associates LP raised its holdings in shares of IBEX by 3.7% during the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company’s stock worth $11,787,000 after acquiring an additional 19,481 shares during the period. Wellington Management Group LLP increased its position in IBEX by 4.6% during the fourth quarter. Wellington Management Group LLP now owns 545,175 shares of the company’s stock worth $11,716,000 after purchasing an additional 23,800 shares during the last quarter. Franklin Resources Inc. raised its stake in IBEX by 18.8% during the fourth quarter. Franklin Resources Inc. now owns 296,114 shares of the company’s stock worth $6,363,000 after purchasing an additional 46,849 shares during the period. JPMorgan Chase & Co. boosted its holdings in IBEX by 1,369.6% in the 4th quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock valued at $6,109,000 after purchasing an additional 264,947 shares during the last quarter. Finally, Boston Partners grew its stake in shares of IBEX by 16.1% in the 4th quarter. Boston Partners now owns 236,913 shares of the company’s stock valued at $5,091,000 after buying an additional 32,842 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target 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.

Insider Activity at IBEX

In related news, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the transaction, the chief executive officer now directly owns 213,633 shares in the company, valued at $5,605,729.92. This trade represents a 18.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mohammedulla Khaishgi sold 10,000 shares of IBEX stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $22.55, for a total value of $225,500.00. Following the completion of the transaction, the director now directly owns 70,293 shares of the company’s stock, valued at approximately $1,585,107.15. This represents a 12.45 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 172,213 shares of company stock worth $4,414,121. Insiders own 6.72% of the company’s stock.

IBEX Stock Performance

NASDAQ IBEX opened at $25.15 on Wednesday. The stock has a fifty day simple moving average of $24.61 and a 200-day simple moving average of $21.64. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $331.78 million, a PE ratio of 11.81 and a beta of 0.75. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $27.83.

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

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.