Kennedy Capital Management LLC Grows Stake in IBEX Limited (NASDAQ:IBEX)

Kennedy Capital Management LLC boosted its position in IBEX Limited (NASDAQ:IBEX) by 341.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 282,675 shares of the company’s stock after purchasing an additional 218,679 shares during the period. Kennedy Capital Management LLC owned about 1.64% of IBEX worth $4,362,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Resource Group International Ltd purchased a new position in IBEX in the 4th quarter valued at approximately $103,964,000. Circumference Group LLC purchased a new position in IBEX during the fourth quarter worth $7,842,000. Victory Capital Management Inc. increased its position in IBEX by 10.8% during the fourth quarter. Victory Capital Management Inc. now owns 38,500 shares of the company’s stock worth $732,000 after buying an additional 3,750 shares in the last quarter. Trexquant Investment LP increased its position in IBEX by 96.8% during the fourth quarter. Trexquant Investment LP now owns 35,627 shares of the company’s stock worth $677,000 after buying an additional 17,521 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its position in IBEX by 33.7% during the fourth quarter. Panagora Asset Management Inc. now owns 47,478 shares of the company’s stock worth $903,000 after buying an additional 11,978 shares in the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Stock Up 2.0 %

Shares of IBEX traded up $0.35 during midday trading on Tuesday, hitting $17.60. The company had a trading volume of 38,900 shares, compared to its average volume of 55,925. The company’s 50 day moving average price is $16.11 and its 200 day moving average price is $15.59. The stock has a market cap of $302.97 million, a price-to-earnings ratio of 11.46 and a beta of 0.74. IBEX Limited has a 52 week low of $11.45 and a 52 week high of $21.10. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.01.

IBEX (NASDAQ:IBEX) last released its earnings results on Thursday, May 9th. The company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.09. The company had revenue of $126.80 million during the quarter. IBEX had a net margin of 5.57% and a return on equity of 20.23%. During the same period in the previous year, the firm posted $0.52 EPS.

Analysts Set New Price Targets

Separately, Robert W. Baird lowered their price objective on IBEX from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Friday, April 19th. Three research 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 an average rating of “Hold” and an average price target of $19.20.

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.