IBEX Limited (NASDAQ:IBEX) Short Interest Update

IBEX Limited (NASDAQ:IBEX) was the target of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 141,700 shares, a growth of 29.9% from the January 31st total of 109,100 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average trading volume of 190,300 shares, the days-to-cover ratio is presently 0.7 days.

Insiders Place Their Bets

In related news, major shareholder Gem G.P. L.P. Pinebridge II sold 20,000 shares of the stock in a transaction on Friday, December 13th. The stock was sold at an average price of $20.00, for a total value of $400,000.00. Following the transaction, the insider now owns 1,309,781 shares of the company’s stock, valued at $26,195,620. This represents a 1.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bruce Neil Dawson sold 13,500 shares of the firm’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the sale, the insider now owns 5,607 shares in the company, valued at $134,568. The trade was a 70.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 244,147 shares of company stock worth $5,879,704 in the last ninety days. 6.72% of the stock is currently owned by insiders.

Institutional Trading of IBEX

Several large investors have recently bought and sold shares of IBEX. Russell Investments Group Ltd. boosted its position in shares of IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the period. FMR LLC boosted its holdings in shares of IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares in the last quarter. Deutsche Bank AG purchased a new position in IBEX during the 4th quarter valued at about $46,000. Finally, R Squared Ltd bought a new stake in IBEX during the fourth quarter worth about $48,000. 81.24% of the stock is owned by institutional investors.

IBEX Trading Up 1.0 %

Shares of NASDAQ:IBEX traded up $0.25 during midday trading on Thursday, hitting $25.03. 28,591 shares of the stock traded hands, compared to its average volume of 100,594. The business’s 50 day moving average is $23.35 and its two-hundred day moving average is $20.57. The stock has a market capitalization of $330.20 million, a PE ratio of 11.80 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX has a one year low of $13.00 and a one year high of $27.83.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (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%.

Analyst Ratings Changes

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

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.