Impact Capital Partners LLC Cuts Stock Holdings in IBEX Limited (NASDAQ:IBEX)

Impact Capital Partners LLC lessened its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 49.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 114,691 shares of the company's stock after selling 110,000 shares during the quarter. IBEX comprises about 1.0% of Impact Capital Partners LLC's investment portfolio, making the stock its 23rd biggest holding. Impact Capital Partners LLC owned 0.87% of IBEX worth $2,793,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Heron Bay Capital Management lifted its holdings in IBEX by 4.8% in the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock valued at $379,000 after acquiring an additional 810 shares during the period. Wells Fargo & Company MN increased 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 during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after purchasing an additional 1,401 shares during the period. Barclays PLC boosted its holdings in shares of IBEX by 6.8% in the fourth quarter. Barclays PLC now owns 22,046 shares of the company's stock worth $473,000 after buying an additional 1,410 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after buying an additional 1,845 shares during the period. 81.24% of the stock is currently owned by institutional investors.

IBEX Stock Performance

Shares of NASDAQ:IBEX traded up $0.01 during mid-day trading on Tuesday, reaching $29.44. 108,185 shares of the company traded hands, compared to its average volume of 134,677. The company's 50 day moving average price is $26.20 and its 200-day moving average price is $24.08. The firm has a market cap of $393.67 million, a PE ratio of 13.82 and a beta of 0.78. IBEX Limited has a 52 week low of $15.15 and a 52 week high of $32.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

Insider Activity at IBEX

In related news, insider Paul Joseph Inson sold 3,690 shares of the business'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 transaction, the insider now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 6.72% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

IBEX 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.