Man Group plc Buys Shares of 36,136 IBEX Limited (NASDAQ:IBEX)

Man Group plc acquired a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 36,136 shares of the company's stock, valued at approximately $777,000. Man Group plc owned about 0.22% of IBEX as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of IBEX. Russell Investments Group Ltd. lifted its position in IBEX by 8,785.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after acquiring an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 acquired a new stake in shares of IBEX during the fourth quarter worth approximately $46,000. R Squared Ltd acquired a new position in IBEX in the fourth quarter worth $48,000. Finally, Quantbot Technologies LP lifted its position in shares of IBEX by 711.1% in the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock worth $57,000 after buying an additional 2,311 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Robert W. Baird lowered 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. Royal Bank of Canada lifted their price objective on shares of IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research note on Friday, February 7th. Finally, Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th.

IBEX Trading Up 0.9%

IBEX traded up $0.26 during trading on Wednesday, reaching $28.61. The company had a trading volume of 79,609 shares, compared to its average volume of 130,741. The firm's 50-day simple moving average is $25.38 and its 200 day simple moving average is $23.45. The company has a market cap of $382.57 million, a price-to-earnings ratio of 13.43 and a beta of 0.74. IBEX Limited has a 12-month low of $15.15 and a 12-month high of $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

Insider Buying and Selling

In other IBEX news, insider Bruce Neil Dawson sold 10,000 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $24.48, for a total transaction of $244,800.00. Following the completion of the sale, the insider now directly owns 5,607 shares in the company, valued at approximately $137,259.36. This trade represents a 64.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.72% of the stock is currently owned by company insiders.

About IBEX

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.