15,233 Shares in IBEX Limited (NASDAQ:IBEX) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new position in IBEX Limited (NASDAQ:IBEX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,233 shares of the company's stock, valued at approximately $371,000. Virtu Financial LLC owned approximately 0.12% of IBEX at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in IBEX by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company's stock worth $995,000 after buying an additional 6,526 shares in the last quarter. Voya Investment Management LLC bought a new position in IBEX in the 4th quarter worth approximately $205,000. D. E. Shaw & Co. Inc. grew its holdings in IBEX by 4.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock worth $1,372,000 after buying an additional 2,542 shares in the last quarter. Bank of America Corp DE grew its holdings in IBEX by 206.9% in the 4th quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock worth $855,000 after buying an additional 26,822 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in IBEX by 112.9% in the 1st quarter. New York State Common Retirement Fund now owns 25,077 shares of the company's stock worth $611,000 after buying an additional 13,300 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird cut IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a research note on Monday, May 12th.

IBEX Trading Down 0.7%

Shares of IBEX stock opened at $29.18 on Friday. The stock has a 50-day simple moving average of $29.28 and a 200 day simple moving average of $26.74. IBEX Limited has a fifty-two week low of $15.95 and a fifty-two week high of $32.08. The stock has a market capitalization of $390.14 million, a P/E ratio of 12.74 and a beta of 0.77. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01.

Insider Activity at IBEX

In other news, Director Mohammedulla Khaishgi sold 35,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the completion of the sale, the director directly owned 42,312 shares of the company's stock, valued at $1,254,973.92. This trade represents a 45.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Joseph Inson sold 3,690 shares of the firm's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total value of $105,497.10. Following the sale, the insider directly owned 17,352 shares of the company's stock, valued at approximately $496,093.68. This represents a 17.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,910 shares of company stock valued at $1,874,647 over the last 90 days. 6.72% of the stock is currently owned by corporate insiders.

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.

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