Ritholtz Wealth Management Has $1.94 Million Stock Position in IBEX Limited (NASDAQ:IBEX)

Ritholtz Wealth Management lifted its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 142.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 79,682 shares of the company's stock after acquiring an additional 46,823 shares during the quarter. Ritholtz Wealth Management owned about 0.60% of IBEX worth $1,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IBEX. Russell Investments Group Ltd. increased its position in shares of 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 period. Tower Research Capital LLC TRC boosted its stake 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 buying an additional 1,401 shares in the last quarter. Deutsche Bank AG acquired a new position in IBEX during the fourth quarter worth about $46,000. Quantbot Technologies LP lifted its holdings in IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after acquiring an additional 2,311 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in shares of 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 own 81.24% of the company's stock.

Insider Buying and Selling at IBEX

In other IBEX news, Director Mohammedulla Khaishgi sold 35,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 42,312 shares in the company, valued at approximately $1,254,973.92. This represents a 45.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Paul Joseph Inson sold 3,690 shares of IBEX stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total transaction of $105,497.10. Following the sale, the insider now directly owns 17,352 shares of the company's stock, valued at $496,093.68. This trade represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 58,910 shares of company stock valued at $1,724,647 in the last three months. 6.72% of the stock is currently owned by company insiders.

IBEX Trading Down 2.8%

Shares of IBEX stock traded down $0.80 during trading hours on Friday, reaching $27.46. 70,057 shares of the stock traded hands, compared to its average volume of 137,648. The business has a fifty day moving average price of $27.01 and a 200 day moving average price of $24.45. IBEX Limited has a 1-year low of $15.15 and a 1-year high of $32.08. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $367.18 million, a PE ratio of 12.02 and a beta of 0.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. 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 downgraded IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

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.