IBEX Limited (NASDAQ:IBEX) Shares Bought by Globeflex Capital L P

Globeflex Capital L P lifted its holdings in IBEX Limited (NASDAQ:IBEX) by 25.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,919 shares of the company’s stock after acquiring an additional 6,497 shares during the period. Globeflex Capital L P owned approximately 0.19% of IBEX worth $686,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. Victory Capital Management Inc. boosted its stake in shares of IBEX by 6.2% in the third quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock valued at $1,172,000 after purchasing an additional 3,450 shares during the period. Meeder Asset Management Inc. boosted its stake 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 purchasing an additional 8,433 shares during the period. FMR LLC boosted its stake 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 purchasing an additional 1,623 shares during the period. Martingale Asset Management L P boosted its stake in shares of IBEX by 110.9% in the third quarter. Martingale Asset Management L P now owns 21,720 shares of the company’s stock valued at $434,000 after purchasing an additional 11,421 shares during the period. Finally, Walleye Capital LLC purchased a new position in shares of IBEX in the third quarter valued at $556,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

Insider Buying and Selling

In other IBEX news, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the transaction, the chief executive officer now owns 213,633 shares of the company’s stock, valued at approximately $5,605,729.92. This trade represents a 18.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.00, for a total transaction of $324,000.00. Following the transaction, the insider now directly owns 5,607 shares in the company, valued at approximately $134,568. The trade was a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,412 shares of company stock valued at $4,659,939 in the last quarter. Company insiders own 6.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada increased their price objective 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.

IBEX Stock Up 2.0 %

Shares of NASDAQ:IBEX opened at $24.86 on Friday. The stock has a market capitalization of $327.95 million, a price-to-earnings ratio of 11.67 and a beta of 0.75. IBEX Limited has a 1-year low of $13.00 and a 1-year high of $27.83. The company’s fifty day moving average is $23.78 and its two-hundred day moving average is $20.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current 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 net margin of 7.08% and a return on equity of 25.29%.

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.