Impact Capital Partners LLC Acquires Shares of 224,691 IBEX Limited (NASDAQ:IBEX)

Impact Capital Partners LLC bought a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 224,691 shares of the company's stock, valued at approximately $4,829,000. IBEX makes up 1.7% of Impact Capital Partners LLC's holdings, making the stock its 8th biggest position. Impact Capital Partners LLC owned 1.34% of IBEX as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of IBEX by 386.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company's stock valued at $387,000 after purchasing an additional 15,372 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of IBEX in the 4th quarter valued at $1,411,000. Jane Street Group LLC raised its holdings in shares of IBEX by 114.6% in the 3rd quarter. Jane Street Group LLC now owns 29,960 shares of the company's stock valued at $599,000 after purchasing an additional 15,999 shares in the last quarter. Barclays PLC raised its holdings in shares of IBEX by 95.2% in the 3rd quarter. Barclays PLC now owns 20,636 shares of the company's stock valued at $412,000 after purchasing an additional 10,062 shares in the last quarter. Finally, Ritholtz Wealth Management raised its holdings in shares of IBEX by 76.9% in the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company's stock valued at $706,000 after purchasing an additional 14,279 shares in the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.

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IBEX Stock Up 1.8 %

NASDAQ:IBEX traded up $0.45 during midday trading on Monday, hitting $25.31. 132,424 shares of the company were exchanged, compared to its average volume of 102,872. The company has a fifty day simple moving average of $23.78 and a 200 day simple moving average of $20.97. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week 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 capitalization of $333.89 million, a PE ratio of 11.88 and a beta of 0.75.

IBEX (NASDAQ:IBEX - Get Free Report) last announced its quarterly earnings results 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 net margin of 7.08% and a return on equity of 25.29%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other IBEX news, insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the transaction, the insider now directly owns 5,607 shares in the company, valued at approximately $134,568. The trade was a 70.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Shuja Keen sold 11,199 shares of IBEX stock in a transaction 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. This represents a 19.01 % 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 worth $4,659,939 in the last ninety days. 6.72% of the stock is 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.