IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi Sells 35,000 Shares

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 35,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $29.66, for a total value of $1,038,100.00. Following the completion of the sale, the director now owns 42,312 shares in the company, valued at $1,254,973.92. The trade was a 45.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

IBEX Stock Performance

IBEX stock opened at $27.89 on Friday. The stock has a market capitalization of $372.95 million, a PE ratio of 13.09 and a beta of 0.78. IBEX Limited has a 12-month low of $15.15 and a 12-month high of $32.08. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. The stock’s 50 day simple moving average is $26.58 and its 200 day simple moving average is $24.23.

Analyst Upgrades and Downgrades

IBEX has been the topic of several recent research reports. Baird R W downgraded IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th. Robert W. Baird downgraded IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price target on the stock. in a research note on Monday, May 12th.

Hedge Funds Weigh In On IBEX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IBEX. Russell Investments Group Ltd. lifted its position in IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock valued at $40,000 after acquiring an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of IBEX by 267.4% during the 4th 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. US Bancorp DE bought a new position in shares of IBEX during the 1st quarter valued at $41,000. Deutsche Bank AG bought a new position in shares of IBEX during the 4th quarter valued at $46,000. Finally, Quantbot Technologies LP lifted its holdings in shares of IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after buying an additional 2,311 shares during the period. 81.24% of the stock is owned by 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.