IBEX Limited (NASDAQ:IBEX) Short Interest Update

IBEX Limited (NASDAQ:IBEX - Get Free Report) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 111,500 shares, a decrease of 21.3% from the February 13th total of 141,700 shares. Based on an average daily volume of 189,300 shares, the short-interest ratio is presently 0.6 days. Currently, 1.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at IBEX

In related news, CEO Robert Thomas Dechant sold 1,792 shares of the business's stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total transaction of $40,320.00. Following the sale, the chief executive officer now directly owns 226,841 shares in the company, valued at approximately $5,103,922.50. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Mohammedulla Khaishgi sold 4,626 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $104,085.00. Following the completion of the transaction, the director now owns 216,718 shares of the company's stock, valued at approximately $4,876,155. This represents a 2.09 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 183,412 shares of company stock valued at $4,659,939. Company insiders own 6.72% of the company's stock.

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Hedge Funds Weigh In On IBEX

Hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in IBEX during the 4th quarter valued at approximately $643,000. Two Sigma Advisers LP lifted its position in IBEX by 97.7% during the fourth quarter. Two Sigma Advisers LP now owns 145,700 shares of the company's stock valued at $3,131,000 after buying an additional 72,000 shares during the period. Two Sigma Investments LP grew its position in shares of IBEX by 39.1% in the 4th quarter. Two Sigma Investments LP now owns 115,815 shares of the company's stock worth $2,489,000 after buying an additional 32,525 shares during the period. State of Wyoming purchased a new stake in shares of IBEX in the 4th quarter worth about $119,000. Finally, Man Group plc bought a new position in shares of IBEX in the 4th quarter worth about $777,000. 81.24% of the stock is owned by institutional investors.

IBEX Price Performance

IBEX traded down $0.17 during trading on Friday, reaching $25.05. The stock had a trading volume of 96,662 shares, compared to its average volume of 106,163. The stock has a market cap of $330.46 million, a PE ratio of 11.76 and a beta of 0.75. 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 has a one year low of $13.00 and a one year high of $27.83. The business has a 50-day moving average of $24.10 and a 200-day moving average of $21.14.

IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.51 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

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.