Gem G.P. L.P. Pinebridge II Sells 20,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 8th. The shares were sold at an average price of $19.05, for a total transaction of $381,000.00. Following the completion of the transaction, the director now directly owns 1,754,739 shares of the company’s stock, valued at approximately $33,427,777.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gem G.P. L.P. Pinebridge II also recently made the following trade(s):

• On Thursday, October 10th, Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock. The shares were sold at an average price of $19.03, for a total transaction of $373,787.26.
• On Wednesday, October 2nd, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.24, for a total transaction of $384,800.00.
• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.82, for a total transaction of $396,400.00.
• On Wednesday, September 25th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Price Performance

IBEX opened at $19.32 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52-week low of $13.00 and a 52-week high of $20.56. The company has a 50 day moving average of $17.84 and a two-hundred day moving average of $16.17. The company has a market cap of $324.58 million, a P/E ratio of 10.44 and a beta of 0.74.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data on Thursday, September 12th. The company reported $0.54 earnings per share (EPS) for the quarter. IBEX had a net margin of 6.62% and a return on equity of 22.04%. The company had revenue of $124.53 million during the quarter.

Analysts Set New Price Targets

IBEX has been the subject of a number of recent analyst reports. Robert W. Baird boosted their target price on shares of IBEX from $20.00 to $23.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada boosted their target price on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Institutional Investors Weigh In On IBEX

Institutional investors have recently bought and sold shares of the business. Private Capital Management LLC purchased a new position in shares of IBEX in the fourth quarter valued at $920,000. Quadrature Capital Ltd purchased a new position in shares of IBEX in the first quarter valued at $349,000. Kennedy Capital Management LLC boosted its stake in shares of IBEX by 341.7% in the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock valued at $4,362,000 after purchasing an additional 218,679 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of IBEX by 9.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after purchasing an additional 3,191 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of IBEX by 15.7% in the second quarter. Bank of New York Mellon Corp now owns 27,626 shares of the company’s stock valued at $447,000 after purchasing an additional 3,759 shares during the period. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

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.