IBEX Limited (NASDAQ:IBEX) Major Shareholder Sells $475,174.70 in Stock

IBEX Limited (NASDAQ:IBEX) major shareholder Gem G.P. L.P. Pinebridge II sold 23,735 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $20.02, for a total transaction of $475,174.70. Following the completion of the transaction, the insider now directly owns 1,390,739 shares of the company’s stock, valued at approximately $27,842,594.78. This trade represents a 1.68 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Wednesday, December 4th, Gem G.P. L.P. Pinebridge II sold 82,572 shares of IBEX stock. The shares were sold at an average price of $20.20, for a total value of $1,667,954.40.
• On Monday, December 2nd, Gem G.P. L.P. Pinebridge II sold 25,878 shares of IBEX stock. The stock was sold at an average price of $20.75, for a total value of $536,968.50.
• On Wednesday, November 20th, Gem G.P. L.P. Pinebridge II sold 78,728 shares of IBEX stock. The shares were sold at an average price of $20.12, for a total value of $1,584,007.36.
• 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 shares were 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 stock was sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Stock Performance

IBEX traded up $0.63 on Monday, reaching $20.42. The company had a trading volume of 145,037 shares, compared to its average volume of 74,146. The stock has a market cap of $342.24 million, a P/E ratio of 10.74 and a beta of 0.80. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $21.63. The company’s fifty day moving average is $19.40 and its 200 day moving average is $17.68.

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in IBEX. Meeder Asset Management Inc. bought a new stake in shares of IBEX in the second quarter valued at about $38,000. FMR LLC raised its stake in IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after purchasing an additional 1,623 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in IBEX in the 3rd quarter valued at about $68,000. Janus Henderson Group PLC grew its position in shares of IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock worth $347,000 after purchasing an additional 1,842 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of IBEX during the third quarter worth approximately $371,000. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

IBEX has been the topic of a number of recent analyst reports. Royal Bank of Canada boosted their price target on IBEX from $18.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Friday, September 13th. Robert W. Baird boosted their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

About IBEX

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.