Integrated Quantitative Investments LLC Takes $231,000 Position in IBEX Limited (NASDAQ:IBEX)

Integrated Quantitative Investments LLC acquired a new position in IBEX Limited (NASDAQ:IBEX - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,761 shares of the company's stock, valued at approximately $231,000. Integrated Quantitative Investments LLC owned about 0.06% of IBEX as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in IBEX. Heron Bay Capital Management increased its stake in IBEX by 4.8% during the fourth quarter. Heron Bay Capital Management now owns 17,640 shares of the company's stock worth $379,000 after purchasing an additional 810 shares during the period. FMR LLC grew its holdings in shares of 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 purchasing an additional 1,623 shares in the last quarter. Janus Henderson Group PLC increased its stake in IBEX by 11.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,361 shares of the company's stock worth $347,000 after buying an additional 1,842 shares during the period. State Street Corp lifted its holdings in IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company's stock worth $3,617,000 after buying an additional 2,105 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in IBEX during the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 81.24% of the company's stock.

IBEX Stock Up 0.7 %

IBEX stock traded up $0.17 during mid-day trading on Friday, reaching $23.30. The company had a trading volume of 138,088 shares, compared to its average volume of 114,603. The firm has a fifty day simple moving average of $24.86 and a 200 day simple moving average of $21.86. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market capitalization of $307.37 million, a price-to-earnings ratio of 10.94 and a beta of 0.75. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

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

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, insider Bruce Neil Dawson sold 13,500 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the transaction, the insider now directly owns 5,607 shares of the company's stock, valued at $134,568. This represents a 70.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Thomas Dechant sold 1,792 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $40,320.00. Following the completion of the transaction, the chief executive officer now owns 226,841 shares in the company, valued at $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 172,213 shares of company stock worth $4,414,121. 6.72% of the stock is currently owned by corporate insiders.

IBEX 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.