IBEX Limited $IBEX Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its position in shares of IBEX Limited (NASDAQ:IBEX) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,854 shares of the company’s stock after selling 1,005 shares during the quarter. Rhumbline Advisers owned 0.10% of IBEX worth $313,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in IBEX during the first quarter worth $475,000. Acadian Asset Management LLC raised its holdings in IBEX by 121.1% during the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock worth $10,011,000 after purchasing an additional 225,380 shares during the last quarter. Jane Street Group LLC purchased a new position in IBEX during the first quarter worth $756,000. Jacobs Levy Equity Management Inc. increased its position in IBEX by 73.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company’s stock worth $2,834,000 after buying an additional 49,167 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new position in IBEX during the first quarter worth $3,591,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada raised their price target on IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Friday, September 12th. Three analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX currently has a consensus rating of “Hold” and a consensus target price of $34.50.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $41.82 on Thursday. The company has a market cap of $556.62 million, a P/E ratio of 17.50 and a beta of 0.77. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52 week low of $17.53 and a 52 week high of $42.99. The business has a fifty day simple moving average of $31.40 and a 200-day simple moving average of $28.37.

Insiders Place Their Bets

In other news, insider Bruce Neil Dawson sold 8,879 shares of IBEX stock in a transaction on Tuesday, September 16th. The stock was 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. The trade was a 66.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Julie K. Casteel sold 5,000 shares of IBEX stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $39.00, for a total value of $195,000.00. Following the completion of the sale, the insider directly owned 25,895 shares of the company’s stock, valued at approximately $1,009,905. This represents a 16.18% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 84,617 shares of company stock valued at $3,118,958. 6.72% of the stock is currently owned by company insiders.

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.