Algert Global LLC Makes New Investment in IBEX Limited (NASDAQ:IBEX)

Algert Global LLC purchased a new position in IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 11,450 shares of the company's stock, valued at approximately $246,000. Algert Global LLC owned about 0.07% of IBEX as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of IBEX. JPMorgan Chase & Co. boosted its stake in IBEX by 1,369.6% during the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock worth $6,109,000 after acquiring an additional 264,947 shares in the last quarter. Impact Capital Partners LLC bought a new stake in IBEX during the fourth quarter worth about $4,829,000. Dimensional Fund Advisors LP boosted its stake in IBEX by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after acquiring an additional 76,302 shares in the last quarter. Walleye Capital LLC boosted its stake in IBEX by 267.2% during the fourth quarter. Walleye Capital LLC now owns 102,220 shares of the company's stock worth $2,197,000 after acquiring an additional 74,380 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in IBEX during the fourth quarter worth about $1,411,000. Institutional investors own 81.24% of the company's stock.

IBEX Stock Up 1.0%

Shares of NASDAQ:IBEX traded up $0.28 during trading hours on Friday, hitting $28.59. The company's stock had a trading volume of 157,826 shares, compared to its average volume of 129,129. IBEX Limited has a 52 week low of $15.15 and a 52 week high of $32.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market capitalization of $377.16 million, a price-to-earnings ratio of 13.42 and a beta of 0.74. The firm's fifty day moving average price is $24.86 and its 200 day moving average price is $23.00.

Insider Buying and Selling

In other IBEX news, insider Bruce Neil Dawson sold 10,000 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total transaction of $244,800.00. Following the completion of the transaction, the insider now directly owns 5,607 shares in the company, valued at approximately $137,259.36. This represents a 64.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mohammedulla Khaishgi sold 12,600 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $26.96, for a total transaction of $339,696.00. Following the completion of the sale, the director now owns 115,112 shares of the company's stock, valued at $3,103,419.52. This trade represents a 9.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 85,131 shares of company stock worth $2,228,585 in the last 90 days. 6.72% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IBEX. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird cut shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research note on Monday, May 12th. Finally, 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 report on Friday, February 7th.

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.