Martingale Asset Management L P Purchases 22,004 Shares of IBEX Limited (NASDAQ:IBEX)

Martingale Asset Management L P grew its holdings in shares of IBEX Limited (NASDAQ:IBEX) by 101.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,724 shares of the company’s stock after acquiring an additional 22,004 shares during the period. Martingale Asset Management L P’s holdings in IBEX were worth $940,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in IBEX. Russell Investments Group Ltd. grew its stake in IBEX by 8,785.7% during the fourth quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock worth $40,000 after purchasing an additional 1,845 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of IBEX by 24.5% during the 4th quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock worth $108,000 after buying an additional 990 shares in the last quarter. Integrated Quantitative Investments LLC acquired a new stake in shares of IBEX during the 4th quarter worth approximately $231,000. Perritt Capital Management Inc grew its position in shares of IBEX by 18.1% during the 4th quarter. Perritt Capital Management Inc now owns 19,600 shares of the company’s stock worth $421,000 after buying an additional 3,000 shares during the period. Finally, Trexquant Investment LP increased its stake in shares of IBEX by 42.9% in the 4th quarter. Trexquant Investment LP now owns 81,157 shares of the company’s stock valued at $1,744,000 after acquiring an additional 24,377 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Robert Thomas Dechant sold 3,008 shares of IBEX stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $22.50, for a total transaction of $67,680.00. Following the transaction, the chief executive officer now owns 223,633 shares of the company’s stock, valued at $5,031,742.50. The trade was a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the sale, the insider now directly owns 5,607 shares of the company’s stock, valued at $134,568. The trade was a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 172,213 shares of company stock worth $4,414,121. Insiders own 6.72% of the company’s stock.

IBEX Stock Up 0.7 %

IBEX stock opened at $23.30 on Friday. The stock’s 50 day simple moving average is $24.86 and its 200 day simple moving average is $21.86. The company has a market cap of $307.37 million, a P/E ratio of 10.94 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

IBEX (NASDAQ:IBEX) last issued its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates 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

Separately, Royal Bank of Canada increased their target price on shares of IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note 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.