IBEX Limited $IBEX Stock Holdings Increased by Denali Advisors LLC

Denali Advisors LLC increased its holdings in IBEX Limited (NASDAQ:IBEX) by 41.2% during the second quarter, Holdings Channel reports. The firm owned 104,096 shares of the company’s stock after purchasing an additional 30,378 shares during the period. Denali Advisors LLC’s holdings in IBEX were worth $3,029,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Jacobs Levy Equity Management Inc. raised its holdings in shares of IBEX by 73.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company’s stock valued at $2,834,000 after acquiring an additional 49,167 shares during the period. EP Wealth Advisors LLC acquired a new stake in shares of IBEX during the first quarter valued at approximately $217,000. Allspring Global Investments Holdings LLC increased its stake in IBEX by 19.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 40,856 shares of the company’s stock valued at $995,000 after buying an additional 6,526 shares during the period. Cubist Systematic Strategies LLC increased its stake in IBEX by 132.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company’s stock valued at $2,217,000 after buying an additional 51,886 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in IBEX by 834.2% in the 1st quarter. Russell Investments Group Ltd. now owns 17,433 shares of the company’s stock valued at $425,000 after buying an additional 15,567 shares during the period. Institutional investors and hedge funds own 81.24% of the company’s stock.

Wall Street Analysts Forecast Growth

IBEX has been the topic of several research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research note on Wednesday, October 8th. Royal Bank Of Canada upped their price objective on shares of IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a report on Friday, September 12th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $34.50.

IBEX Trading Up 0.6%

Shares of IBEX stock opened at $37.22 on Wednesday. IBEX Limited has a 52-week low of $17.53 and a 52-week high of $42.99. The stock has a market cap of $495.40 million, a price-to-earnings ratio of 15.57 and a beta of 0.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.82 and a current ratio of 1.82. The firm has a fifty day moving average of $34.77 and a 200-day moving average of $30.15.

Insider Buying and Selling

In related news, CEO Robert Thomas Dechant sold 45,027 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $38.89, for a total transaction of $1,751,100.03. Following the completion of the sale, the chief executive officer owned 191,999 shares in the company, valued at $7,466,841.11. This trade represents a 19.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Julie K. Casteel sold 5,000 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. Following the sale, the insider owned 25,895 shares of the company’s stock, valued at $1,009,905. This trade represents a 16.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 81,315 shares of company stock worth $3,036,165. Insiders own 6.72% of the company’s stock.

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.