Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 4,376 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 4,376 shares of IBEX stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $30.00, for a total value of $131,280.00. Following the completion of the sale, the chief executive officer directly owned 193,633 shares in the company, valued at $5,808,990. This represents a 2.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Robert Thomas Dechant also recently made the following trade(s):

• On Wednesday, July 2nd, Robert Thomas Dechant sold 624 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total value of $18,720.00.
• On Friday, June 13th, Robert Thomas Dechant sold 15,000 shares of IBEX stock. The stock was sold at an average price of $28.96, for a total transaction of $434,400.00.

IBEX Price Performance

Shares of NASDAQ:IBEX traded up $0.67 during midday trading on Friday, hitting $30.61. 102,777 shares of the stock were exchanged, compared to its average volume of 141,506. The stock has a market cap of $409.19 million, a P/E ratio of 13.36 and a beta of 0.77. IBEX Limited has a twelve month low of $15.15 and a twelve month high of $32.08. The company has a 50 day moving average price of $28.20 and a 200-day moving average price of $25.16. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. Robert W. Baird lowered IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price target on the stock. in a research note on Monday, May 12th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. US Bancorp DE acquired a new stake in IBEX during the 1st quarter valued at $41,000. Russell Investments Group Ltd. raised its holdings in shares of IBEX by 8,785.7% in the fourth 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 during the last quarter. Tower Research Capital LLC TRC lifted its position 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 acquiring an additional 1,401 shares in the last quarter. Deutsche Bank AG acquired a new stake in shares of IBEX during the fourth quarter valued at $46,000. Finally, Quantbot Technologies LP boosted its stake in shares of IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after acquiring an additional 2,311 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

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.