IBEX Limited (NASDAQ:IBEX) Shares Purchased by Walleye Capital LLC

Walleye Capital LLC increased its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 267.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,220 shares of the company's stock after acquiring an additional 74,380 shares during the period. Walleye Capital LLC owned approximately 0.61% of IBEX worth $2,197,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IBEX. Russell Investments Group Ltd. increased its holdings in IBEX by 8,785.7% in the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock valued at $40,000 after buying an additional 1,845 shares during the last quarter. FMR LLC increased its holdings in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company's stock valued at $43,000 after buying an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new position in IBEX in the fourth quarter valued at $48,000. Quantbot Technologies LP increased its holdings in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after buying an additional 2,311 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in IBEX in the third quarter valued at $68,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at IBEX

In other news, Director Mohammedulla Khaishgi sold 4,626 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $104,085.00. Following the completion of the sale, the director now owns 216,718 shares in the company, valued at $4,876,155. This represents a 2.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Thomas Dechant sold 2,621 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $25.00, for a total value of $65,525.00. Following the sale, the chief executive officer now owns 221,012 shares of the company's stock, valued at $5,525,300. This trade represents a 1.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 169,607 shares of company stock worth $4,355,486. 6.72% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, Royal Bank of Canada raised their price objective on IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a report on Friday, February 7th.

IBEX Stock Performance

Shares of IBEX stock traded up $0.87 during mid-day trading on Thursday, hitting $24.45. 30,360 shares of the stock were exchanged, compared to its average volume of 116,133. The stock's fifty day simple moving average is $24.58 and its two-hundred day simple moving average is $22.05. The stock has a market capitalization of $322.48 million, a price-to-earnings ratio of 11.46 and a beta of 0.75. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

IBEX (NASDAQ:IBEX - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

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.