25,962 Shares in IBEX Limited (NASDAQ:IBEX) Purchased by Denali Advisors LLC

Denali Advisors LLC purchased a new stake in IBEX Limited (NASDAQ:IBEX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 25,962 shares of the company’s stock, valued at approximately $558,000. Denali Advisors LLC owned approximately 0.15% of IBEX as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in IBEX. State Street Corp grew its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after buying an additional 2,105 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in IBEX by 20.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after acquiring an additional 14,411 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of IBEX in the 4th quarter valued at about $1,411,000. Victory Capital Management Inc. increased its stake in shares of IBEX by 6.2% during the 3rd quarter. Victory Capital Management Inc. now owns 58,657 shares of the company’s stock worth $1,172,000 after purchasing an additional 3,450 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of IBEX by 11.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 34,330 shares of the company’s stock valued at $738,000 after purchasing an additional 3,588 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Stock Up 0.1 %

Shares of IBEX opened at $25.76 on Thursday. The firm has a market cap of $339.83 million, a P/E ratio of 12.09 and a beta of 0.78. 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 Limited has a 52 week low of $13.00 and a 52 week high of $27.83. The firm’s 50-day simple moving average is $22.88 and its 200 day simple moving average is $20.25.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 EPS for the quarter, beating 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%.

Insider Buying and Selling at IBEX

In other IBEX news, insider Paul Joseph Inson sold 8,954 shares of IBEX stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $27.53, for a total value of $246,503.62. Following the completion of the sale, the insider now owns 21,042 shares in the company, valued at $579,286.26. The trade was a 29.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 1,792 shares of the business’s stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $22.50, for a total transaction of $40,320.00. Following the completion of the sale, the chief executive officer now directly owns 226,841 shares of the company’s stock, valued at $5,103,922.50. This represents a 0.78 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 302,666 shares of company stock valued at $6,774,437 in the last ninety days. 6.72% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on IBEX shares. Royal Bank of Canada raised their price objective on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th. Robert W. Baird increased their price target on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th.

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.