IBEX Limited $IBEX Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 24.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,104 shares of the company’s stock after purchasing an additional 7,125 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.27% of IBEX worth $1,051,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in IBEX. Pinnacle Associates Ltd. grew its position in shares of IBEX by 18.7% in the second quarter. Pinnacle Associates Ltd. now owns 36,220 shares of the company’s stock valued at $1,054,000 after purchasing an additional 5,700 shares during the period. Y Intercept Hong Kong Ltd boosted its stake in IBEX by 121.6% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 33,907 shares of the company’s stock worth $987,000 after buying an additional 18,606 shares during the last quarter. MorganRosel Wealth Management LLC purchased a new stake in IBEX in the 2nd quarter valued at about $1,181,000. Denali Advisors LLC increased its stake in shares of IBEX by 41.2% during the 2nd quarter. Denali Advisors LLC now owns 104,096 shares of the company’s stock valued at $3,029,000 after acquiring an additional 30,378 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of IBEX by 16.2% during the 2nd quarter. Ritholtz Wealth Management now owns 92,556 shares of the company’s stock valued at $2,693,000 after acquiring an additional 12,874 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Stock Performance

NASDAQ IBEX opened at $36.80 on Thursday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. IBEX Limited has a 1-year low of $18.75 and a 1-year high of $42.99. The firm has a market capitalization of $495.70 million, a P/E ratio of 13.24 and a beta of 0.82. The business’s 50-day simple moving average is $37.33 and its 200-day simple moving average is $31.76.

Insider Transactions at IBEX

In other news, insider Bruce Neil Dawson sold 8,879 shares of the stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $38.15, for a total value of $338,733.85. Following the completion of the sale, the insider owned 4,492 shares of the company’s stock, valued at $171,369.80. This represents a 66.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Thomas Dechant sold 45,027 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 191,999 shares in the company, valued at approximately $7,466,841.11. This represents a 19.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 81,315 shares of company stock valued at $3,036,165 in the last three months. 3.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

IBEX has been the topic of several research analyst reports. Weiss Ratings raised shares of IBEX from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, November 7th. Royal Bank Of Canada increased their price target on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Monday. One analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

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.