Two Sigma Investments LP Boosts Stock Position in IBEX Limited (NASDAQ:IBEX)

Two Sigma Investments LP boosted its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 39.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,815 shares of the company's stock after purchasing an additional 32,525 shares during the quarter. Two Sigma Investments LP owned about 0.69% of IBEX worth $2,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in IBEX. Russell Investments Group Ltd. lifted its holdings in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC increased its position in shares of IBEX by 267.4% in 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 purchased a new stake in shares of IBEX in the fourth quarter valued at approximately $46,000. R Squared Ltd acquired a new stake in shares of IBEX in the fourth quarter worth approximately $48,000. Finally, Quantbot Technologies LP boosted its stake in shares of IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after acquiring an additional 2,311 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

IBEX Trading Up 1.9%

Shares of IBEX stock traded up $0.54 during trading hours on Tuesday, hitting $28.99. The company's stock had a trading volume of 66,557 shares, compared to its average volume of 131,885. IBEX Limited has a twelve month low of $15.15 and a twelve month high of $32.08. The firm has a fifty day moving average of $25.63 and a 200-day moving average of $23.72. The stock has a market cap of $387.65 million, a price-to-earnings ratio of 13.61 and a beta of 0.74. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

Analyst Ratings Changes

A number of equities analysts have weighed in on IBEX shares. Royal Bank of Canada boosted their price objective on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th. Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Finally, Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research note on Monday, May 12th.

Insider Activity

In related news, insider Paul Joseph Inson sold 3,690 shares of the business's stock in a transaction 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 in the company, valued at approximately $496,093.68. The trade was a 17.54% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bruce Neil Dawson sold 10,000 shares of the business's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total value of $244,800.00. Following the completion of the sale, the insider now owns 5,607 shares in the company, valued at $137,259.36. This represents a 64.07% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 6.72% of the company's stock.

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.