Brendel Financial Advisors LLC Purchases Shares of 10,580 IBEX Limited (NASDAQ:IBEX)

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

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its stake in shares of IBEX by 11.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company's stock valued at $738,000 after purchasing an additional 3,588 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in IBEX during the 4th quarter worth $1,411,000. New York State Common Retirement Fund boosted its position in IBEX by 146.5% in the 4th quarter. New York State Common Retirement Fund now owns 11,777 shares of the company's stock valued at $253,000 after buying an additional 7,000 shares during the last quarter. Denali Advisors LLC acquired a new stake in shares of IBEX in the 4th quarter valued at $558,000. Finally, Victory Capital Management Inc. raised its position in shares of IBEX by 4.8% during the fourth quarter. Victory Capital Management Inc. now owns 61,457 shares of the company's stock worth $1,321,000 after acquiring an additional 2,800 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

IBEX Trading Down 2.8%

IBEX stock traded down $0.78 during midday trading on Friday, reaching $27.48. The company's stock had a trading volume of 134,956 shares, compared to its average volume of 138,535. The business's 50-day simple moving average is $27.09 and its 200-day simple moving average is $24.56. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52 week low of $15.15 and a 52 week high of $32.08. The stock has a market cap of $367.41 million, a PE ratio of 12.00 and a beta of 0.78.

Insider Activity at IBEX

In related news, CEO Robert Thomas Dechant sold 15,000 shares of the firm's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $28.96, for a total transaction of $434,400.00. Following the sale, the chief executive officer now owns 198,633 shares of the company's stock, valued at approximately $5,752,411.68. This trade represents a 7.02% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mohammedulla Khaishgi sold 35,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $29.66, for a total value of $1,038,100.00. Following the completion of the transaction, the director now directly owns 42,312 shares of the company's stock, valued at approximately $1,254,973.92. The trade was a 45.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 58,910 shares of company stock worth $1,724,647. 6.72% of the stock is owned by 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.