Brendel Financial Advisors LLC Makes New Investment in IBEX Limited (NASDAQ:IBEX)

Brendel Financial Advisors LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,580 shares of the company's stock, valued at approximately $258,000. Brendel Financial Advisors LLC owned about 0.08% of IBEX as of its most recent SEC filing.

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

Insiders Place Their Bets

In related news, insider Paul Joseph Inson sold 3,690 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total transaction of $105,497.10. Following the completion of the sale, the insider now owns 17,352 shares in the company, valued at approximately $496,093.68. This represents a 17.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert Thomas Dechant sold 15,000 shares of the firm's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.96, for a total transaction of $434,400.00. Following the transaction, the chief executive officer now directly owns 198,633 shares in the company, valued at $5,752,411.68. The trade was a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,910 shares of company stock worth $1,724,647. Insiders own 6.72% of the company's stock.

IBEX Stock Down 0.9%

IBEX stock traded down $0.26 during mid-day trading on Wednesday, reaching $28.22. The stock had a trading volume of 83,322 shares, compared to its average volume of 138,534. The stock's 50-day simple moving average is $27.28 and its 200-day simple moving average is $24.65. IBEX Limited has a fifty-two week low of $15.15 and a fifty-two week high of $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market capitalization of $377.30 million, a PE ratio of 12.71 and a beta of 0.78.

Analyst Ratings Changes

Several equities analysts recently commented on IBEX shares. Robert W. Baird downgraded 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. Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

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.