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

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

A number of other hedge funds have also added to or reduced their stakes in IBEX. SG Americas Securities LLC acquired a new position in IBEX during the 4th quarter valued at about $116,000. Allspring Global Investments Holdings LLC boosted its stake in IBEX by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company's stock valued at $738,000 after purchasing an additional 3,588 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in IBEX during the 4th quarter valued at about $1,411,000. New York State Common Retirement Fund boosted its stake in IBEX by 146.5% during the 4th quarter. New York State Common Retirement Fund now owns 11,777 shares of the company's stock valued at $253,000 after purchasing an additional 7,000 shares during the last quarter. Finally, Denali Advisors LLC acquired a new position in IBEX during the 4th quarter valued at about $558,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at IBEX

In other news, insider Paul Joseph Inson sold 3,690 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total value of $105,497.10. Following the transaction, the insider now owns 17,352 shares of the company's stock, valued at approximately $496,093.68. This represents a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 6.72% of the company's stock.

IBEX Stock Performance

IBEX stock traded up $0.33 during midday trading on Friday, reaching $29.91. 107,018 shares of the company's stock traded hands, compared to its average volume of 133,731. The company has a 50-day moving average price of $26.01 and a two-hundred day moving average price of $23.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. IBEX Limited has a 52 week low of $15.15 and a 52 week high of $32.08. The firm has a market capitalization of $399.96 million, a PE ratio of 14.04 and a beta of 0.78.

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.