Insider Selling: IBEX Limited (NASDAQ:IBEX) Insider Sells $191,325.00 in Stock

IBEX Limited (NASDAQ:IBEX) insider Christina Al Trofimuk-O’connor sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 11th. The stock was sold at an average price of $25.51, for a total value of $191,325.00. Following the sale, the insider now owns 17,050 shares of the company’s stock, valued at approximately $434,945.50. The trade was a 30.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

IBEX Price Performance

NASDAQ IBEX traded up $0.53 on Wednesday, reaching $26.48. The stock had a trading volume of 504,125 shares, compared to its average volume of 166,376. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $26.53. The company has a market cap of $443.80 million, a P/E ratio of 12.43 and a beta of 0.78. The firm has a fifty day moving average of $21.49 and a two-hundred day moving average of $19.50.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 23.13%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in IBEX by 386.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock valued at $387,000 after buying an additional 15,372 shares in the last quarter. Jane Street Group LLC grew its position in IBEX by 114.6% during the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after acquiring an additional 15,999 shares during the last quarter. Barclays PLC increased its stake in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock worth $412,000 after buying an additional 10,062 shares during the period. Ritholtz Wealth Management raised its stake in shares of IBEX by 76.9% during the fourth quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock valued at $706,000 after acquiring an additional 14,279 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new stake in IBEX in the third quarter worth $522,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Robert W. Baird lifted their price objective on shares of IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Royal Bank of Canada increased their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th.

IBEX Company 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.