36,308 Shares in IBEX Limited (NASDAQ:IBEX) Purchased by Informed Momentum Co LLC

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 purchased a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 36,308 shares of the company's stock, valued at approximately $884,000. Informed Momentum Co LLC owned approximately 0.28% of IBEX at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in IBEX. JPMorgan Chase & Co. increased its position in shares of IBEX by 1,369.6% during the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company's stock worth $6,109,000 after purchasing an additional 264,947 shares in the last quarter. Nuveen LLC acquired a new position in shares of IBEX in the 1st quarter valued at $2,279,000. Dimensional Fund Advisors LP increased its position in shares of IBEX by 30.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock valued at $7,009,000 after acquiring an additional 76,302 shares during the period. Walleye Capital LLC increased its position in shares of IBEX by 267.2% in the 4th quarter. Walleye Capital LLC now owns 102,220 shares of the company's stock valued at $2,197,000 after acquiring an additional 74,380 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of IBEX by 97.7% in the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock valued at $3,131,000 after acquiring an additional 72,000 shares during the period. 81.24% of the stock is owned by institutional investors and hedge funds.

IBEX Stock Performance

NASDAQ:IBEX traded down $0.42 during mid-day trading on Friday, hitting $28.76. The company's stock had a trading volume of 55,590 shares, compared to its average volume of 90,722. IBEX Limited has a 1 year low of $16.31 and a 1 year high of $32.08. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market cap of $384.58 million, a price-to-earnings ratio of 12.56 and a beta of 0.77. The business's fifty day moving average is $29.26 and its two-hundred day moving average is $26.81.

Insider Buying and Selling at IBEX

In other news, Director Mohammedulla Khaishgi sold 5,000 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $28.01, for a total transaction of $140,050.00. Following the sale, the director directly owned 2,312 shares of the company's stock, valued at $64,759.12. This represents a 68.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Thomas Dechant sold 4,376 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $30.00, for a total transaction of $131,280.00. Following the sale, the chief executive officer directly owned 193,633 shares in the company, valued at approximately $5,808,990. The trade was a 2.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,910 shares of company stock valued at $1,874,647. 6.72% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently issued reports on IBEX shares. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price on the stock. in a research report on Monday, May 12th. Baird R W downgraded IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

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.