IBEX Limited (NASDAQ:IBEX) Director Sells $373,787.26 in Stock

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $19.03, for a total transaction of $373,787.26. Following the sale, the director now directly owns 1,719,739 shares of the company’s stock, valued at $32,726,633.17. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

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

• On Tuesday, October 8th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.05, for a total transaction 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 transaction of $384,800.00.
• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.82, for a total transaction 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 Stock Performance

Shares of IBEX stock opened at $19.32 on Friday. The company has a 50 day moving average of $17.84 and a 200-day moving average of $16.18. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $20.56. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.01. The company has a market cap of $324.58 million, a PE ratio of 10.44 and a beta of 0.74.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The company had revenue of $124.53 million during the quarter. IBEX had a net margin of 6.62% and a return on equity of 22.04%.

Hedge Funds Weigh In On IBEX

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in IBEX in the 2nd quarter valued at approximately $38,000. Ritholtz Wealth Management bought a new position in IBEX in the 3rd quarter valued at approximately $371,000. Quadrature Capital Ltd bought a new position in IBEX in the 1st quarter valued at approximately $349,000. Bank of New York Mellon Corp lifted its stake in IBEX by 15.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after purchasing an additional 3,759 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in IBEX by 6.1% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after purchasing an additional 1,874 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on IBEX shares. Royal Bank of Canada lifted their price objective on shares of IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research note on Friday, September 13th. Robert W. Baird lifted their price objective on shares of IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, IBEX currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.