Hillsdale Investment Management Inc. Buys 55,900 Shares of IBEX Limited (NASDAQ:IBEX)

Hillsdale Investment Management Inc. raised its position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) by 35.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 212,200 shares of the company's stock after purchasing an additional 55,900 shares during the quarter. Hillsdale Investment Management Inc. owned about 1.27% of IBEX worth $4,560,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of IBEX. Impact Capital Partners LLC acquired a new stake in shares of IBEX during the fourth quarter worth $4,829,000. Sanctuary Advisors LLC acquired a new stake in shares of IBEX during the 4th quarter valued at $1,411,000. Boston Partners increased its position in IBEX by 16.1% in the 4th quarter. Boston Partners now owns 236,913 shares of the company's stock worth $5,091,000 after purchasing an additional 32,842 shares during the last quarter. Walleye Capital LLC acquired a new stake in IBEX in the third quarter valued at approximately $556,000. Finally, Commonwealth Equity Services LLC bought a new stake in IBEX in the fourth quarter worth $563,000. Institutional investors own 81.24% of the company's stock.

Analyst Upgrades and Downgrades

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

IBEX Stock Performance

Shares of NASDAQ:IBEX traded down $0.37 on Wednesday, hitting $25.27. 169,394 shares of the company were exchanged, compared to its average volume of 108,293. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The firm has a market capitalization of $333.36 million, a price-to-earnings ratio of 11.86 and a beta of 0.75. The company's 50 day moving average price is $24.40 and its two-hundred day moving average price is $21.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44.

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IBEX (NASDAQ:IBEX - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share 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%.

Insider Activity

In related news, Director Shuja Keen sold 11,199 shares of the business's stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $21.95, for a total transaction of $245,818.05. Following the completion of the transaction, the director now owns 47,727 shares in the company, valued at approximately $1,047,607.65. The trade was a 19.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.00, for a total transaction of $324,000.00. Following the transaction, the insider now directly owns 5,607 shares in the company, valued at approximately $134,568. This represents a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,412 shares of company stock valued at $4,659,939 over the last 90 days. 6.72% of the stock is owned by company insiders.

About IBEX

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.