Y Intercept Hong Kong Ltd Buys New Position in IBEX Limited (NASDAQ:IBEX)

Key Points

• Y Intercept Hong Kong Ltd has invested approximately $373,000 in IBEX Limited by acquiring 15,301 shares, representing a 0.12% ownership stake in the company.
• Institutional investors own 81.24% of IBEX, with significant recent activity including acquisitions from firms like JPMorgan Chase & Co. and Commonwealth Equity Services LLC in the past quarters.
• The CEO of IBEX, Robert Thomas Dechant, sold 15,000 shares recently for $434,400, resulting in a 7.02% decrease in his ownership of the company's stock.

Y Intercept Hong Kong Ltd bought a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 15,301 shares of the company's stock, valued at approximately $373,000. Y Intercept Hong Kong Ltd owned about 0.12% of IBEX at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of IBEX. Russell Investments Group Ltd. raised its position in IBEX by 8,785.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after purchasing an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC raised its position in 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 purchasing an additional 1,401 shares during the last quarter. Deutsche Bank AG bought a new position in IBEX in the fourth quarter valued at about $46,000. Quantbot Technologies LP raised its position in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after purchasing an additional 2,311 shares during the last quarter. Finally, CWM LLC raised its position in 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 purchasing an additional 2,274 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IBEX has been the subject of several research reports. Robert W. Baird downgraded IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 target price for the company. in a research report on Monday, May 12th. Baird R W lowered IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th.

Insider Buying and Selling

In other IBEX news, CEO Robert Thomas Dechant sold 15,000 shares of IBEX stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of $28.96, for a total value of $434,400.00. Following the completion of the sale, the chief executive officer directly owned 198,633 shares in the company, valued at approximately $5,752,411.68. The trade was a 7.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Joseph Inson sold 3,690 shares of the business'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 sale, the insider owned 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. Insiders have sold a total of 63,910 shares of company stock valued at $1,874,647 over the last ninety days. 6.72% of the stock is owned by company insiders.

IBEX Trading Down 3.7%

Shares of IBEX stock traded down $1.11 during midday trading on Friday, reaching $28.47. The company had a trading volume of 57,358 shares, compared to its average volume of 171,516. The stock has a fifty day moving average price of $29.36 and a 200 day moving average price of $26.30. 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 firm has a market cap of $380.63 million, a PE ratio of 12.43 and a beta of 0.77. IBEX Limited has a fifty-two week low of $15.17 and a fifty-two week high of $32.08.

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.