Insider Selling: IBEX Limited (NASDAQ:IBEX) CEO Sells 624 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 624 shares of the company's stock in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $30.00, for a total value of $18,720.00. Following the sale, the chief executive officer owned 198,009 shares in the company, valued at approximately $5,940,270. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, July 3rd, Robert Thomas Dechant sold 4,376 shares of IBEX stock. The shares were sold at an average price of $30.00, for a total transaction of $131,280.00.
• On Friday, June 13th, Robert Thomas Dechant sold 15,000 shares of IBEX stock. The shares were sold at an average price of $28.96, for a total value of $434,400.00.

IBEX Trading Up 2.2%

IBEX stock traded up $0.67 during trading on Friday, reaching $30.61. The company had a trading volume of 102,777 shares, compared to its average volume of 141,506. 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 52 week low of $15.15 and a 52 week high of $32.08. The business has a 50 day moving average of $28.20 and a 200 day moving average of $25.16. The company has a market cap of $409.19 million, a P/E ratio of 13.36 and a beta of 0.77.

Analyst Upgrades and Downgrades

Several research firms have commented on IBEX. Baird R W downgraded shares of IBEX from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 12th. Robert W. Baird cut shares of IBEX from an "outperform" rating to a "neutral" rating and set a $30.00 price objective on the stock. in a research report on Monday, May 12th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. US Bancorp DE purchased a new stake in IBEX in the first quarter worth about $41,000. Russell Investments Group Ltd. increased its holdings in shares of IBEX by 8,785.7% in 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 in the last quarter. Tower Research Capital LLC TRC raised 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 worth $41,000 after purchasing an additional 1,401 shares during the last quarter. Deutsche Bank AG bought a new position in IBEX during the 4th quarter valued at about $46,000. Finally, Quantbot Technologies LP raised its holdings 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 purchasing an additional 2,311 shares during the last quarter. Institutional investors own 81.24% of the company's stock.

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.