Trexquant Investment LP Raises Position in IBEX Limited (NASDAQ:IBEX)

Trexquant Investment LP boosted its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 42.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 81,157 shares of the company's stock after purchasing an additional 24,377 shares during the period. Trexquant Investment LP owned about 0.48% of IBEX worth $1,744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IBEX. FMR LLC increased its stake in shares of IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after buying an additional 1,623 shares during the period. R Squared Ltd purchased a new position in shares of IBEX in the fourth quarter valued at about $48,000. Quantbot Technologies LP raised its stake in shares of IBEX by 711.1% during the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company's stock valued at $57,000 after acquiring an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of IBEX during the third quarter worth about $68,000. Finally, SG Americas Securities LLC purchased a new stake in shares of IBEX during the fourth quarter worth about $116,000. Institutional investors own 81.24% of the company's stock.

Insider Activity at IBEX

In other news, Director Mohammedulla Khaishgi sold 4,626 shares of the business'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 value of $104,085.00. Following the sale, the director now directly owns 216,718 shares of the company's stock, valued at $4,876,155. The trade was a 2.09 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 3,008 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $22.50, for a total value of $67,680.00. Following the transaction, the chief executive officer now directly owns 223,633 shares of the company's stock, valued at approximately $5,031,742.50. This trade represents a 1.33 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 172,213 shares of company stock worth $4,414,121 over the last ninety days. 6.72% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

IBEX Trading Up 0.2 %

NASDAQ IBEX traded up $0.06 during trading on Monday, hitting $23.36. The company had a trading volume of 7,256 shares, compared to its average volume of 114,497. The company's fifty day moving average is $24.86 and its 200-day moving average is $21.87. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $308.10 million, a price-to-earnings ratio of 10.96 and a beta of 0.75.

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

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.