Informed Momentum Co LLC Invests $884,000 in IBEX Limited (NASDAQ:IBEX)

Key Points

• Informed Momentum Co LLC has acquired a new stake in IBEX Limited valued at approximately $884,000, representing ownership of 0.28% as of its most recent SEC filing.
• Several hedge funds have increased their stakes in IBEX, with notable purchases indicating growing institutional interest in the company.
• IBEX has faced recent downgrades from Wall Street analysts, with Robert W. Baird changing its rating from "outperform" to "neutral" and setting a price target of $30.00.

Informed Momentum Co LLC bought a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 36,308 shares of the company's stock, valued at approximately $884,000. Informed Momentum Co LLC owned 0.28% of IBEX as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE acquired a new stake in shares of IBEX in the 1st quarter worth $41,000. Russell Investments Group Ltd. lifted its holdings in shares of IBEX by 8,785.7% in the fourth 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 increased its position in IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock worth $41,000 after buying an additional 1,401 shares in the last quarter. Deutsche Bank AG purchased a new stake in IBEX during the 4th quarter worth about $46,000. Finally, CWM LLC increased its holdings in shares of IBEX by 392.7% during the 1st quarter. CWM LLC now owns 2,853 shares of the company's stock worth $69,000 after buying an additional 2,274 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Wall Street Analysts Forecast Growth

IBEX has been the subject 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 objective for the company. in a research report on Monday, May 12th. Baird R W lowered shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

IBEX Stock Up 0.5%

NASDAQ:IBEX opened at $28.86 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $385.86 million, a price-to-earnings ratio of 12.60 and a beta of 0.77. IBEX Limited has a one year low of $15.23 and a one year high of $32.08. The stock has a 50-day simple moving average of $29.29 and a 200 day simple moving average of $26.67.

Insiders Place Their Bets

In related news, insider Paul Joseph Inson sold 3,690 shares of IBEX stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $28.59, for a total transaction of $105,497.10. Following the transaction, the insider directly owned 17,352 shares of the company's stock, valued at $496,093.68. The trade was a 17.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Thomas Dechant sold 15,000 shares of the stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $28.96, for a total transaction of $434,400.00. Following the sale, the chief executive officer directly owned 198,633 shares of the company's stock, valued at approximately $5,752,411.68. This represents a 7.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,910 shares of company stock valued at $1,874,647 over the last 90 days. 6.72% of the stock is owned by company insiders.

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.

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