Royce & Associates LP grew its stake in IBEX Limited (NASDAQ:IBEX - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 548,481 shares of the company's stock after acquiring an additional 19,481 shares during the period. Royce & Associates LP owned 3.27% of IBEX worth $11,787,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. FMR LLC increased its position in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company's stock worth $43,000 after purchasing an additional 1,623 shares during the last quarter. R Squared Ltd bought a new position in shares of IBEX in the fourth quarter valued at $48,000. Public Employees Retirement System of Ohio acquired a new position in IBEX during the third quarter worth $68,000. SG Americas Securities LLC acquired a new position in IBEX during the fourth quarter worth $116,000. Finally, Meeder Asset Management Inc. raised its position in IBEX by 359.2% during the third quarter. Meeder Asset Management Inc. now owns 10,781 shares of the company's stock worth $215,000 after acquiring an additional 8,433 shares in the last quarter. Institutional investors and hedge funds own 81.24% of the company's stock.
IBEX Stock Performance
NASDAQ:IBEX remained flat at $25.22 on Friday. The company's stock had a trading volume of 217,020 shares, compared to its average volume of 106,625. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $27.83. The company has a market cap of $332.70 million, a price-to-earnings ratio of 11.84 and a beta of 0.75. The firm has a 50 day moving average of $24.10 and a two-hundred day moving average of $21.14. 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 (NASDAQ:IBEX - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.
Insider Activity
In other news, CEO Robert Thomas Dechant sold 1,792 shares of the company's stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $22.50, for a total value of $40,320.00. Following the transaction, the chief executive officer now owns 226,841 shares of the company's stock, valued at approximately $5,103,922.50. This represents a 0.78 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mohammedulla Khaishgi sold 4,626 shares of the 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 transaction, the director now owns 216,718 shares in the company, valued at approximately $4,876,155. This trade represents a 2.09 % decrease in their position. 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 ninety days. 6.72% of the stock is currently owned by company insiders.
Analyst Ratings Changes
Separately, Royal Bank of Canada boosted their price objective on shares of IBEX from $21.00 to $24.00 and gave the stock a "sector perform" rating in a research note on Friday, February 7th.
Read Our Latest Report on IBEX
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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