Cwm LLC Purchases 1,520 Shares of IBEX Limited $IBEX

Cwm LLC boosted its position in IBEX Limited (NASDAQ:IBEX) by 53.3% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,373 shares of the company’s stock after purchasing an additional 1,520 shares during the period. Cwm LLC’s holdings in IBEX were worth $127,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC bought a new stake in IBEX in the 2nd quarter worth about $462,000. Sheets Smith Wealth Management purchased a new position in IBEX in the second quarter valued at about $478,000. Voya Investment Management LLC boosted its stake in IBEX by 65.5% in the first quarter. Voya Investment Management LLC now owns 15,767 shares of the company’s stock valued at $384,000 after acquiring an additional 6,239 shares during the last quarter. Strs Ohio purchased a new position in IBEX in the first quarter valued at about $475,000. Finally, Acadian Asset Management LLC boosted its stake in IBEX by 121.1% in the first quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock valued at $10,011,000 after acquiring an additional 225,380 shares during the last quarter. 81.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on IBEX shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research note on Wednesday, October 8th. Royal Bank Of Canada lifted their price objective on IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a report on Friday, September 12th. Four equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.50.

Insider Buying and Selling at IBEX

In other news, CFO Taylor C. Greenwald sold 2,295 shares of the stock in a transaction on Friday, September 19th. The shares were sold at an average price of $40.73, for a total value of $93,475.35. Following the transaction, the chief financial officer owned 33,561 shares of the company’s stock, valued at $1,366,939.53. This represents a 6.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Thomas Dechant sold 45,027 shares of the stock in a transaction on Tuesday, September 16th. The stock was 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 $7,466,841.11. The trade was a 19.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 81,315 shares of company stock worth $3,036,165 in the last ninety days. Insiders own 6.72% of the company’s stock.

IBEX Stock Performance

NASDAQ IBEX opened at $37.37 on Friday. The company’s 50 day moving average is $36.11 and its 200-day moving average is $30.96. IBEX Limited has a 12-month low of $17.53 and a 12-month high of $42.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.01. The firm has a market cap of $503.37 million, a P/E ratio of 15.64 and a beta of 0.83.

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.