Renaissance Technologies LLC lowered its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 53.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,100 shares of the company's stock after selling 24,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.13% of IBEX worth $453,000 at the end of the most recent quarter.
A number of other hedge funds have also made changes to their positions in IBEX. Russell Investments Group Ltd. grew its position in IBEX by 8,785.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company's stock worth $40,000 after acquiring an additional 1,845 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company's stock worth $108,000 after purchasing an additional 990 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of IBEX during the fourth quarter valued at approximately $231,000. Perritt Capital Management Inc increased its holdings in shares of IBEX by 18.1% in the fourth quarter. Perritt Capital Management Inc now owns 19,600 shares of the company's stock valued at $421,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Trexquant Investment LP raised its position in IBEX by 42.9% in the 4th quarter. Trexquant Investment LP now owns 81,157 shares of the company's stock worth $1,744,000 after purchasing an additional 24,377 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.
Analyst Ratings Changes
Separately, Royal Bank of Canada lifted 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.
Check Out Our Latest Analysis on IBEX
Insider Buying and Selling
In related news, CEO Robert Thomas Dechant sold 2,621 shares of the firm's stock in a transaction on Friday, February 7th. The stock was sold at an average price of $25.00, for a total transaction of $65,525.00. Following the sale, the chief executive officer now owns 221,012 shares of the company's stock, valued at approximately $5,525,300. This trade represents a 1.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the sale, the insider now directly owns 5,607 shares in the company, valued at approximately $134,568. This represents a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 160,567 shares of company stock valued at $4,152,086 in the last 90 days. 6.72% of the stock is owned by insiders.
IBEX Trading Up 2.6 %
Shares of NASDAQ IBEX opened at $25.43 on Monday. The company's 50 day simple moving average is $24.37 and its 200 day simple moving average is $22.37. 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 $13.42 and a fifty-two week high of $27.83. The firm has a market capitalization of $335.47 million, a P/E ratio of 11.94 and a beta of 0.74.
IBEX (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings results 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%.
About IBEX
(
Free Report)
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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