Two Sigma Advisers LP Has $3.13 Million Stock Holdings in IBEX Limited (NASDAQ:IBEX)

Two Sigma Advisers LP lifted its stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 97.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,700 shares of the company's stock after purchasing an additional 72,000 shares during the period. Two Sigma Advisers LP owned approximately 0.87% of IBEX worth $3,131,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IBEX. JPMorgan Chase & Co. lifted its position in shares of IBEX by 386.9% during the third quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock worth $387,000 after purchasing an additional 15,372 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of IBEX during the fourth quarter worth approximately $116,000. Exchange Traded Concepts LLC acquired a new position in shares of IBEX during the fourth quarter worth approximately $307,000. R Squared Ltd acquired a new position in shares of IBEX during the fourth quarter worth approximately $48,000. Finally, Allspring Global Investments Holdings LLC increased its position in IBEX by 11.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company's stock worth $738,000 after purchasing an additional 3,588 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

IBEX Trading Down 0.1%

IBEX traded down $0.03 during mid-day trading on Friday, hitting $28.70. The stock had a trading volume of 94,855 shares, compared to its average volume of 132,284. The stock's fifty day simple moving average is $25.57 and its 200-day simple moving average is $23.63. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $383.78 million, a price-to-earnings ratio of 13.47 and a beta of 0.74. IBEX Limited has a 1-year low of $15.15 and a 1-year high of $32.08.

Analyst Upgrades and Downgrades

IBEX has been the subject of a number of research reports. Royal Bank of Canada lifted their price objective on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. Baird R W lowered shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Finally, Robert W. Baird lowered shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a report on Monday, May 12th.

Insiders Place Their Bets

In other IBEX news, insider Bruce Neil Dawson sold 10,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $24.48, for a total value of $244,800.00. Following the completion of the sale, the insider now owns 5,607 shares in the company, valued at $137,259.36. This trade represents a 64.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Paul Joseph Inson sold 3,690 shares of the firm's 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 sale, 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 position. The disclosure for this sale can be found here. Company insiders own 6.72% of the company's stock.

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.