Impact Capital Partners LLC Takes $4.83 Million Position in IBEX Limited (NASDAQ:IBEX)

Impact Capital Partners LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 224,691 shares of the company’s stock, valued at approximately $4,829,000. IBEX comprises about 1.7% of Impact Capital Partners LLC’s investment portfolio, making the stock its 8th largest position. Impact Capital Partners LLC owned 1.34% of IBEX as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of IBEX. Victory Capital Management Inc. increased its holdings in shares of IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in IBEX by 359.2% in the 3rd quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after buying an additional 8,433 shares in the last quarter. FMR LLC increased its stake in shares of IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after acquiring an additional 1,623 shares during the last quarter. Martingale Asset Management L P raised its holdings in shares of IBEX by 110.9% during the 3rd quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock worth $434,000 after acquiring an additional 11,421 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of IBEX during the 3rd quarter valued at about $556,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

IBEX Price Performance

Shares of IBEX opened at $24.32 on Thursday. 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 firm’s fifty day simple moving average is $23.67 and its 200-day simple moving average is $20.84. The firm has a market capitalization of $320.83 million, a price-to-earnings ratio of 11.42 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 (EPS) for the quarter, beating 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%.

Insiders Place Their Bets

In other news, insider Paul Joseph Inson sold 8,954 shares of IBEX stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $27.53, for a total transaction of $246,503.62. Following the completion of the sale, the insider now directly owns 21,042 shares in the company, valued at $579,286.26. The trade was a 29.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 213,633 shares in the company, valued at approximately $5,605,729.92. This trade represents a 18.94 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,412 shares of company stock worth $5,059,939. 6.72% of the stock is owned by corporate insiders.

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.