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 IBEX stock in a transaction on Friday, June 13th. The shares were sold at an average price of $28.96, for a total value of $434,400.00. Following the transaction, the chief executive officer now directly owns 198,633 shares of the company's stock, 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 is accessible through this hyperlink.

IBEX Price Performance

Shares of IBEX stock traded down $0.22 during trading on Thursday, reaching $28.26. The company's stock had a trading volume of 86,113 shares, compared to its average volume of 137,870. The stock has a 50-day moving average price of $26.91 and a two-hundred day moving average price of $24.40. The stock has a market capitalization of $377.84 million, a P/E ratio of 12.62 and a beta of 0.78. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01. IBEX Limited has a one year low of $15.15 and a one year high of $32.08.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Baird R W lowered 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 report on Monday, May 12th.

Institutional Investors Weigh In On IBEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBEX. Voya Investment Management LLC grew its stake in shares of IBEX by 65.5% during the first quarter. Voya Investment Management LLC now owns 15,767 shares of the company's stock valued at $384,000 after purchasing an additional 6,239 shares during the last quarter. Strs Ohio acquired a new position in IBEX during the 1st quarter worth $475,000. 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 worth $10,011,000 after buying an additional 225,380 shares in the last quarter. Jane Street Group LLC bought a new position in IBEX in the 1st quarter valued at $756,000. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of IBEX by 73.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company's stock valued at $2,834,000 after buying an additional 49,167 shares during the period. Institutional investors and hedge funds 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.