Gem G.P. L.P. Pinebridge II Sells 78,728 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of the company’s stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $20.12, for a total transaction of $1,584,007.36. Following the sale, the insider now directly owns 1,641,011 shares of the company’s stock, valued at $33,017,141.32. The trade was a 4.58 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

• On Thursday, October 10th, Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock. The stock was sold at an average price of $19.03, for a total value of $373,787.26.
• On Tuesday, October 8th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were 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 shares were sold at an average price of $19.89, for a total value of $397,800.00.

IBEX Trading Down 2.5 %

Shares of IBEX stock traded down $0.53 during trading hours on Friday, reaching $20.60. 106,608 shares of the company’s stock were exchanged, compared to its average volume of 71,553. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $21.63. The company has a 50 day moving average of $19.28 and a two-hundred day moving average of $17.21. The stock has a market cap of $345.26 million, a P/E ratio of 11.18 and a beta of 0.76.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, September 12th. The company reported $0.54 EPS for the quarter. The firm had revenue of $124.53 million during the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Analysts Set New Price Targets

A number of analysts have recently commented on IBEX shares. Royal Bank of Canada upped their price objective on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird upped their price objective on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.25.

Hedge Funds Weigh In On IBEX

Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. purchased a new position in IBEX in the second quarter valued at approximately $38,000. FMR LLC grew its holdings in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in IBEX in the 3rd quarter worth approximately $68,000. Janus Henderson Group PLC boosted its holdings in IBEX by 11.9% in the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of IBEX in the first quarter worth $349,000. Institutional investors own 81.24% of the company’s stock.

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.