Universal Beteiligungs und Servicegesellschaft mbH Invests $650,000 in IBEX Limited (NASDAQ:IBEX)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 26,700 shares of IBEX Limited, valued at approximately $650,000, raising its stake to about 0.20% of the company.
• Institutional investors control 81.24% of IBEX's stock, with several firms increasing their positions significantly in the fourth quarter.
• IBEX stock recently opened at $27.75, with a market cap of $371.02 million and a PE ratio of 12.12, while analysts have downgraded their ratings for the stock.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 26,700 shares of the company's stock, valued at approximately $650,000. Universal Beteiligungs und Servicegesellschaft mbH owned about 0.20% of IBEX at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of IBEX. Russell Investments Group Ltd. grew its holdings in shares of 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 purchasing an additional 1,845 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company's stock valued at $41,000 after buying an additional 1,401 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of IBEX in the fourth quarter valued at $46,000. CWM LLC grew its stake in shares of IBEX by 392.7% in the first quarter. CWM LLC now owns 2,853 shares of the company's stock valued at $69,000 after buying an additional 2,274 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock worth $108,000 after acquiring an additional 990 shares during the period. Institutional investors and hedge funds own 81.24% of the company's stock.

IBEX Trading Down 1.1%

NASDAQ:IBEX traded down $0.30 during mid-day trading on Wednesday, reaching $27.60. The company's stock had a trading volume of 79,207 shares, compared to its average volume of 170,273. The stock has a market cap of $368.95 million, a P/E ratio of 12.09 and a beta of 0.77. The company's fifty day simple moving average is $29.32 and its two-hundred day simple moving average is $26.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67. IBEX Limited has a twelve month low of $15.17 and a twelve month high of $32.08.

Insider Buying and Selling

In related news, Director Mohammedulla Khaishgi sold 35,000 shares of the firm's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the transaction, the director owned 42,312 shares in the company, valued at $1,254,973.92. This trade represents a 45.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $105,497.10. Following the transaction, the insider owned 17,352 shares in the company, valued at $496,093.68. This represents a 17.54% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,910 shares of company stock valued at $1,874,647 in the last three months. 6.72% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. 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. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 12th.

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.