Denali Advisors LLC Increases Stock Holdings in IBEX Limited (NASDAQ:IBEX)

Denali Advisors LLC grew its holdings in IBEX Limited (NASDAQ:IBEX - Free Report) by 183.9% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 73,718 shares of the company's stock after acquiring an additional 47,756 shares during the quarter. Denali Advisors LLC owned 0.56% of IBEX worth $1,795,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Heron Bay Capital Management grew its holdings in IBEX by 4.8% during the 4th quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock valued at $379,000 after buying an additional 810 shares in the last quarter. Wells Fargo & Company MN grew its position in IBEX by 24.5% during 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. Tower Research Capital LLC TRC grew its position in IBEX by 267.4% during the fourth 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 last quarter. Barclays PLC grew its position in IBEX by 6.8% during the fourth quarter. Barclays PLC now owns 22,046 shares of the company's stock valued at $473,000 after acquiring an additional 1,410 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in IBEX by 8,785.7% in the fourth 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. Institutional investors own 81.24% of the company's stock.

IBEX Price Performance

IBEX traded up $0.25 on Wednesday, hitting $30.85. 35,183 shares of the company's stock traded hands, compared to its average volume of 143,129. The company's 50 day simple moving average is $29.04 and its 200-day simple moving average is $25.82. The firm has a market cap of $412.53 million, a price-to-earnings ratio of 13.47 and a beta of 0.77. IBEX Limited has a one year low of $15.17 and a one year high of $32.08. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

IBEX has been the subject of several recent research reports. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective for the company. in a research report on Monday, May 12th. Baird R W cut IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th.

Insider Activity at IBEX

In other news, CEO Robert Thomas Dechant sold 4,376 shares of IBEX stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total value of $131,280.00. Following the completion of the transaction, the chief executive officer owned 193,633 shares in the company, valued at approximately $5,808,990. The trade was a 2.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul Joseph Inson sold 3,690 shares of the business's stock in a transaction on 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 owned 17,352 shares of the company's stock, valued at approximately $496,093.68. The trade was a 17.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,910 shares of company stock valued at $1,874,647. 6.72% of the stock is owned by company insiders.

IBEX Company 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.