Ritholtz Wealth Management increased its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 142.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 79,682 shares of the company's stock after buying an additional 46,823 shares during the quarter. Ritholtz Wealth Management owned about 0.60% of IBEX worth $1,940,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Russell Investments Group Ltd. grew its stake 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 in the last quarter. Tower Research Capital LLC TRC grew its stake in IBEX by 267.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after purchasing an additional 1,401 shares in the last quarter. Deutsche Bank AG acquired a new stake in IBEX during the 4th quarter valued at approximately $46,000. Quantbot Technologies LP grew its stake in IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after purchasing an additional 2,311 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in IBEX by 24.5% during the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock valued at $108,000 after purchasing an additional 990 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have weighed in on IBEX shares. Robert W. Baird lowered 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 note on Monday, May 12th.
Get Our Latest Stock Analysis on IBEX
Insider Transactions at IBEX
In related news, insider Paul Joseph Inson sold 3,690 shares of the firm's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total value of $105,497.10. Following the sale, the insider now owns 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 document filed with the SEC, which is accessible through this hyperlink. Also, Director Mohammedulla Khaishgi sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $28.01, for a total value of $140,050.00. Following the completion of the sale, the director now directly owns 2,312 shares in the company, valued at approximately $64,759.12. This trade represents a 68.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,910 shares of company stock worth $1,724,647. 6.72% of the stock is currently owned by corporate insiders.
IBEX Stock Performance
Shares of IBEX traded down $0.22 during mid-day trading on Thursday, hitting $28.26. The stock had a trading volume of 86,113 shares, compared to its average volume of 137,870. The company has a market cap of $377.84 million, a PE ratio of 12.34 and a beta of 0.78. The company's fifty day simple moving average is $27.01 and its two-hundred day simple moving average is $24.45. 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 fifty-two week low of $15.15 and a fifty-two week high of $32.08.
IBEX Profile
(
Free Report)
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.
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