Insider Selling: IBEX Limited (NASDAQ:IBEX) Director Sells 5,000 Shares of Stock

IBEX Limited (NASDAQ:IBEX - Get Free Report) Director Mohammedulla Khaishgi sold 5,000 shares of IBEX stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $28.01, for a total transaction of $140,050.00. Following the completion of the sale, the director now owns 2,312 shares of the company's stock, valued at $64,759.12. This trade represents a 68.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Mohammedulla Khaishgi also recently made the following trade(s):

• On Thursday, June 12th, Mohammedulla Khaishgi sold 35,000 shares of IBEX stock. The shares were sold at an average price of $29.66, for a total value of $1,038,100.00.

IBEX Stock Performance

IBEX stock traded down $0.22 during trading on Thursday, hitting $28.26. 86,113 shares of the company traded hands, compared to its average volume of 137,870. IBEX Limited has a 1 year low of $15.15 and a 1 year high of $32.08. The company has a market cap of $377.89 million, a PE ratio of 12.34 and a beta of 0.78. The stock's 50-day simple moving average is $26.91 and its 200 day simple moving average is $24.40. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.67 and a quick ratio of 1.67.

Institutional Investors Weigh In On IBEX

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in IBEX during the fourth quarter worth $1,411,000. Voya Investment Management LLC acquired a new position in shares of IBEX in the fourth quarter worth about $205,000. D. E. Shaw & Co. Inc. boosted its stake in shares of IBEX by 4.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 63,832 shares of the company's stock worth $1,372,000 after acquiring an additional 2,542 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of IBEX by 206.9% during the 4th quarter. Bank of America Corp DE now owns 39,787 shares of the company's stock worth $855,000 after acquiring an additional 26,822 shares in the last quarter. Finally, Denali Advisors LLC acquired a new stake in shares of IBEX during the 4th quarter valued at about $558,000. Institutional investors and hedge funds own 81.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on IBEX. 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 price target on the stock. in a research 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.