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 stock in a transaction on Monday, September 30th. The stock was sold at an average price of $19.82, for a total value of $396,400.00. Following the sale, the director now directly owns 1,829,739 shares of the company’s stock, valued at $36,265,426.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• 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 Up 1.4 %

Shares of NASDAQ IBEX opened at $19.98 on Tuesday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01. The firm has a 50-day moving average price of $17.45 and a 200 day moving average price of $15.94. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56. The stock has a market capitalization of $343.94 million, a price-to-earnings ratio of 13.06 and a beta of 0.73.

Institutional Investors Weigh In On IBEX

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

Analysts Set New Price Targets

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