IBEX Limited (NASDAQ:IBEX) CEO Sells $434,400.00 in Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) CEO Robert Thomas Dechant sold 15,000 shares of the company's stock in a transaction dated Friday, June 13th. The shares were sold at an average price of $28.96, for a total value of $434,400.00. Following the completion of the transaction, the chief executive officer now owns 198,633 shares in the company, valued at $5,752,411.68. This represents a 7.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Stock Up 1.6%

NASDAQ:IBEX traded up $0.44 during mid-day trading on Monday, reaching $28.33. The stock had a trading volume of 165,662 shares, compared to its average volume of 137,502. The stock has a market cap of $378.83 million, a P/E ratio of 13.30 and a beta of 0.78. The business's 50 day moving average is $26.58 and its 200 day moving average is $24.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. IBEX Limited has a fifty-two week low of $15.15 and a fifty-two week high of $32.08.

Institutional Trading of IBEX

Several large investors have recently added to or reduced their stakes in IBEX. Royce & Associates LP boosted its holdings in shares of IBEX by 3.7% during the 4th quarter. Royce & Associates LP now owns 548,481 shares of the company's stock worth $11,787,000 after buying an additional 19,481 shares during the period. Wellington Management Group LLP lifted its holdings in shares of IBEX by 4.6% during the 4th quarter. Wellington Management Group LLP now owns 545,175 shares of the company's stock worth $11,716,000 after acquiring an additional 23,800 shares during the period. Ameriprise Financial Inc. lifted its holdings in IBEX by 0.9% during the 4th quarter. Ameriprise Financial Inc. now owns 510,402 shares of the company's stock valued at $10,969,000 after purchasing an additional 4,777 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in IBEX by 121.1% during the 1st quarter. Acadian Asset Management LLC now owns 411,466 shares of the company's stock valued at $10,011,000 after purchasing an additional 225,380 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of IBEX by 30.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company's stock worth $7,009,000 after acquiring an additional 76,302 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

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.

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