Walleye Capital LLC Invests $556,000 in IBEX Limited (NASDAQ:IBEX)

Walleye Capital LLC purchased a new stake in IBEX Limited (NASDAQ:IBEX - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 27,840 shares of the company's stock, valued at approximately $556,000. Walleye Capital LLC owned 0.17% of IBEX at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of IBEX. American Century Companies Inc. increased its position in shares of IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company's stock worth $21,663,000 after purchasing an additional 55,216 shares in the last quarter. Dimensional Fund Advisors LP increased its position in IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company's stock valued at $3,228,000 after acquiring an additional 3,052 shares in the last quarter. Sei Investments Co. boosted its stake in shares of IBEX by 12.1% in the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company's stock valued at $2,327,000 after purchasing an additional 15,507 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of IBEX by 6.2% in the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company's stock valued at $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Private Capital Management LLC boosted its stake in shares of IBEX by 14.6% in the 1st quarter. Private Capital Management LLC now owns 55,465 shares of the company's stock valued at $856,000 after purchasing an additional 7,069 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

IBEX Stock Up 3.2 %

Shares of IBEX traded up $0.63 during trading hours on Monday, hitting $20.42. The company had a trading volume of 145,037 shares, compared to its average volume of 74,146. The firm has a market cap of $342.24 million, a price-to-earnings ratio of 10.74 and a beta of 0.80. The business has a fifty day moving average of $19.40 and a 200-day moving average of $17.68. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $21.63.

IBEX (NASDAQ:IBEX - Get Free Report) last released its quarterly earnings results on Thursday, September 12th. The company reported $0.54 EPS for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The business had revenue of $124.53 million for the quarter.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on IBEX shares. Royal Bank of Canada lifted their price objective on shares of IBEX from $18.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Friday, September 13th. Robert W. Baird boosted their price objective on shares of IBEX from $23.00 to $26.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, IBEX presently has an average rating of "Moderate Buy" and an average price target of $21.25.

Insider Activity

In related news, Director Shuja Keen sold 6,086 shares of the business's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $20.46, for a total value of $124,519.56. Following the completion of the transaction, the director now owns 140,024 shares of the company's stock, valued at $2,864,891.04. The trade was a 4.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Gem G.P. L.P. Pinebridge II sold 82,572 shares of the business's stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $20.20, for a total value of $1,667,954.40. Following the completion of the transaction, the insider now directly owns 1,421,547 shares of the company's stock, valued at approximately $28,715,249.40. This trade represents a 5.49 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 455,415 shares of company stock worth $9,100,650. Corporate insiders own 6.72% of the company's stock.

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.