IBEX Limited (NASDAQ:IBEX) Shares Acquired by Walleye Capital LLC

Walleye Capital LLC boosted its holdings in IBEX Limited (NASDAQ:IBEX) by 267.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,220 shares of the company’s stock after purchasing an additional 74,380 shares during the quarter. Walleye Capital LLC owned approximately 0.61% of IBEX worth $2,197,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. XTX Topco Ltd purchased a new stake in IBEX in the 4th quarter valued at about $292,000. Barclays PLC grew its holdings in IBEX by 6.8% in the fourth quarter. Barclays PLC now owns 22,046 shares of the company’s stock valued at $473,000 after purchasing an additional 1,410 shares during the period. Martingale Asset Management L P grew its stake in shares of IBEX by 101.3% during the 4th quarter. Martingale Asset Management L P now owns 43,724 shares of the company’s stock valued at $940,000 after buying an additional 22,004 shares during the period. Russell Investments Group Ltd. grew its position in IBEX by 8,785.7% during the fourth 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 during the period. Finally, Wells Fargo & Company MN increased its position in 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 purchasing an additional 990 shares in the last quarter. 81.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Royal Bank of Canada increased their price target on IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a report on Friday, February 7th.

IBEX Trading Down 0.5 %

NASDAQ:IBEX opened at $23.35 on Friday. The business’s 50-day simple moving average is $24.81 and its 200 day simple moving average is $21.97. IBEX Limited has a one year low of $13.00 and a one year high of $27.83. The stock has a market cap of $308.03 million, a price-to-earnings ratio of 10.96 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 (NASDAQ:IBEX) last released its earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Insiders Place Their Bets

In other IBEX news, insider Bruce Neil Dawson sold 13,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the sale, the insider now directly owns 5,607 shares of the company’s stock, valued at $134,568. This trade represents a 70.65 % 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, CEO Robert Thomas Dechant sold 5,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $27.56, for a total transaction of $137,800.00. Following the transaction, the chief executive officer now directly owns 213,633 shares of the company’s stock, valued at $5,887,725.48. The trade was a 2.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 172,213 shares of company stock valued at $4,414,121 over the last 90 days. 6.72% of the stock is 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.