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 business’s stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $19.24, for a total value of $384,800.00. Following the transaction, the director now directly owns 1,789,739 shares in the company, valued at $34,434,578.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

• 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 shares were sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Price Performance

Shares of IBEX stock opened at $19.29 on Friday. 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 stock has a market capitalization of $332.06 million, a price-to-earnings ratio of 12.61 and a beta of 0.74. IBEX Limited has a twelve month low of $13.00 and a twelve month high of $20.56. The company has a 50-day simple moving average of $17.62 and a two-hundred day simple moving average of $16.04.

Analysts Set New Price Targets

Several research analysts have weighed in on IBEX shares. Robert W. Baird increased their price target on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a report 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 research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, IBEX currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.50.

Institutional Investors Weigh In On IBEX

Hedge funds and other institutional investors have recently made changes to their positions in the business. Circumference Group LLC acquired a new stake in shares of IBEX during the 4th quarter worth $7,842,000. Kennedy Capital Management LLC grew its stake 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 buying an additional 218,679 shares in the last quarter. American Century Companies Inc. increased its holdings in IBEX by 4.3% in the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock valued at $21,663,000 after buying an additional 55,216 shares during the period. Private Capital Management LLC acquired a new position in shares of IBEX in the 4th quarter valued at approximately $920,000. Finally, Quadrature Capital Ltd bought a new stake in shares of IBEX during the 1st quarter worth approximately $349,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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.