Squarepoint Ops LLC Buys New Stake in IBEX Limited (NASDAQ:IBEX)

Squarepoint Ops LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,929 shares of the company's stock, valued at approximately $643,000. Squarepoint Ops LLC owned 0.18% of IBEX as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in IBEX during the 4th quarter worth about $1,411,000. SG Americas Securities LLC acquired a new stake in shares of IBEX during the 4th quarter valued at about $116,000. Voya Investment Management LLC acquired a new stake in shares of IBEX during the 4th quarter valued at about $205,000. D. E. Shaw & Co. Inc. grew its position in shares of IBEX by 4.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock valued at $1,372,000 after acquiring an additional 2,542 shares during the period. Finally, Denali Advisors LLC acquired a new stake in shares of IBEX during the 4th quarter valued at about $558,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on IBEX. Baird R W cut IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th. Robert W. Baird cut 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. Finally, Royal Bank of Canada raised their target price on IBEX from $21.00 to $24.00 and gave the company a "sector perform" rating in a research report on Friday, February 7th.

IBEX Price Performance

IBEX stock traded up $0.33 during midday trading on Friday, reaching $29.91. The company had a trading volume of 107,018 shares, compared to its average volume of 133,731. The company has a market capitalization of $399.96 million, a P/E ratio of 14.04 and a beta of 0.78. IBEX Limited has a 12-month low of $15.15 and a 12-month high of $32.08. The firm's fifty day simple moving average is $26.01 and its 200-day simple moving average is $23.94. 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 other IBEX news, insider Paul Joseph Inson sold 3,690 shares of the firm's stock in a transaction that occurred 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 directly owns 17,352 shares of the company's stock, valued at $496,093.68. This trade represents a 17.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.72% of the stock is currently owned by corporate insiders.

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.