63,870 Shares in IBEX Limited (NASDAQ:IBEX) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 63,870 shares of the company’s stock, valued at approximately $1,411,000. Sanctuary Advisors LLC owned about 0.38% of IBEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in IBEX. FMR LLC boosted its position in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the period. R Squared Ltd bought a new position in shares of IBEX in the fourth quarter valued at approximately $48,000. Public Employees Retirement System of Ohio bought a new position in shares of IBEX in the third quarter valued at approximately $68,000. SG Americas Securities LLC bought a new position in shares of IBEX in the fourth quarter valued at approximately $116,000. Finally, Meeder Asset Management Inc. boosted its position in shares of IBEX by 359.2% in the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company’s stock valued at $215,000 after acquiring an additional 8,433 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Insiders Place Their Bets

In other news, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $26.50, for a total transaction of $333,900.00. Following the completion of the transaction, the director now directly owns 89,912 shares in the company, valued at approximately $2,382,668. This represents a 12.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total value of $40,320.00. Following the transaction, the chief executive officer now owns 226,841 shares of the company’s stock, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 302,666 shares of company stock worth $6,774,437 in the last three months. 6.72% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on IBEX. Royal Bank of Canada raised their target price on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research note on Friday, February 7th. Robert W. Baird raised their target price 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.

IBEX Stock Performance

Shares of IBEX stock opened at $25.73 on Wednesday. The stock has a market cap of $339.43 million, a price-to-earnings ratio of 12.08 and a beta of 0.78. The firm’s 50-day moving average is $22.76 and its 200 day moving average is $20.21. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

IBEX (NASDAQ:IBEX) last issued 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 return on equity of 25.29% and a net margin of 7.08%.

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.