IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II Sells 20,000 Shares

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of $19.24, for a total value of $384,800.00. Following the completion of the transaction, the director now owns 1,789,739 shares in the company, valued at $34,434,578.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.82, for a total value 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 value of $397,800.00.

IBEX Trading Down 1.2 %

Shares of IBEX stock traded down $0.23 on Thursday, hitting $19.07. The stock had a trading volume of 98,616 shares, compared to its average volume of 65,517. The company’s 50 day moving average price is $17.59 and its 200-day moving average price is $16.01. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $20.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market capitalization of $328.27 million, a P/E ratio of 12.46 and a beta of 0.74.

Institutional Trading of IBEX

Institutional investors and hedge funds have recently bought and sold shares of the business. Kennedy Capital Management LLC boosted its stake in shares of IBEX by 341.7% in the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the period. Circumference Group LLC acquired a new stake in IBEX during the 4th quarter worth approximately $7,842,000. American Century Companies Inc. boosted its position in IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after buying an additional 55,216 shares during the period. Quadrature Capital Ltd acquired a new position in shares of IBEX in the first quarter worth $349,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of IBEX by 6.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock worth $528,000 after acquiring an additional 1,874 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on IBEX shares. Royal Bank of Canada boosted their price objective on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird boosted their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, IBEX presently has a consensus rating of “Moderate Buy” and a consensus price target 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.