14,200 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Alps Advisors Inc.

Alps Advisors Inc. purchased a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 14,200 shares of the company's stock, valued at approximately $346,000. Alps Advisors Inc. owned 0.11% of IBEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its position in shares of IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after acquiring an additional 1,845 shares during the period. Tower Research Capital LLC TRC increased its position in shares of IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after acquiring an additional 1,401 shares during the period. Deutsche Bank AG acquired a new position in shares of IBEX in the 4th quarter valued at $46,000. Quantbot Technologies LP increased its position in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after acquiring an additional 2,311 shares during the period. Finally, Wells Fargo & Company MN increased its position in shares of IBEX by 24.5% in the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after acquiring an additional 990 shares during the period. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on IBEX shares. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research report on Monday, May 12th. Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

IBEX Stock Performance

IBEX traded down $0.62 during midday trading on Friday, hitting $29.63. 79,170 shares of the company were exchanged, compared to its average volume of 143,955. The company's 50 day simple moving average is $29.04 and its 200 day simple moving average is $25.79. The firm has a market capitalization of $396.21 million, a price-to-earnings ratio of 12.94 and a beta of 0.77. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01. IBEX Limited has a 1-year low of $15.15 and a 1-year high of $32.08.

Insider Transactions at IBEX

In related news, insider Paul Joseph Inson sold 3,690 shares of the firm's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total value of $105,497.10. Following the transaction, the insider directly owned 17,352 shares of the company's stock, valued at approximately $496,093.68. This trade represents a 17.54% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mohammedulla Khaishgi sold 5,000 shares of the firm's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $28.01, for a total transaction of $140,050.00. Following the completion of the transaction, the director directly owned 2,312 shares in the company, valued at $64,759.12. This represents a 68.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,910 shares of company stock valued at $1,874,647 in the last ninety days. 6.72% of the stock is currently owned by corporate insiders.

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.