EntryPoint Capital LLC Purchases New Position in IBEX Limited $IBEX

Key Points

• EntryPoint Capital LLC has made a new investment of $443,000 in IBEX Limited, acquiring 18,173 shares during the first quarter.
• IBEX shares are currently rated as a "Hold" by analysts, with a consensus target price of $27.00.
• Insider trading activity includes significant sales, with an insider decreasing their position by 17.54% and a director reducing theirs by 45.27%.

EntryPoint Capital LLC purchased a new stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 18,173 shares of the company's stock, valued at approximately $443,000. EntryPoint Capital LLC owned about 0.14% of IBEX at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP grew its position in IBEX by 4.6% in the fourth quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock worth $11,716,000 after acquiring an additional 23,800 shares in the last quarter. Ameriprise Financial Inc. grew its position in IBEX by 0.9% in the fourth quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock worth $10,969,000 after acquiring an additional 4,777 shares in the last quarter. Dimensional Fund Advisors LP grew its position in IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after acquiring an additional 76,302 shares in the last quarter. Two Sigma Advisers LP grew its position in IBEX by 97.7% in the fourth quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock worth $3,131,000 after acquiring an additional 72,000 shares in the last quarter. Finally, Two Sigma Investments LP grew its position in IBEX by 39.1% in the fourth quarter. Two Sigma Investments LP now owns 115,815 shares of the company's stock worth $2,489,000 after acquiring an additional 32,525 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on IBEX. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. 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 report on Monday, May 12th. Three analysts have rated the stock with a Hold rating, According to MarketBeat, IBEX currently has a consensus rating of "Hold" and a consensus target price of $27.00.

Insider Buying and Selling at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 4,376 shares of the stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $30.00, for a total value of $131,280.00. Following the completion of the sale, the chief executive officer directly owned 193,633 shares of the company's stock, valued at $5,808,990. This represents a 2.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Joseph Inson sold 10,000 shares of the stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $30.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider owned 7,352 shares of the company's stock, valued at approximately $220,560. This represents a 57.63% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,910 shares of company stock valued at $2,174,647 in the last ninety days. Company insiders own 6.72% of the company's stock.

IBEX Stock Performance

IBEX stock traded down $0.58 during mid-day trading on Monday, reaching $29.64. The company had a trading volume of 36,554 shares, compared to its average volume of 162,938. 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 $16.35 and a 52 week high of $32.08. The company has a 50 day moving average of $29.25 and a 200-day moving average of $27.10. The firm has a market cap of $396.29 million, a price-to-earnings ratio of 12.94 and a beta of 0.77.

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.