IBEX Limited (NASDAQ:IBEX) Director Sells $140,050.00 in Stock

IBEX Limited (NASDAQ:IBEX) Director Mohammedulla Khaishgi sold 5,000 shares of IBEX stock in a transaction on Monday, June 16th. The stock was sold at an average price of $28.01, for a total transaction of $140,050.00. Following the sale, the director now directly owns 2,312 shares of the company’s stock, valued at approximately $64,759.12. This trade represents a 68.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Mohammedulla Khaishgi also recently made the following trade(s):

• On Thursday, June 12th, Mohammedulla Khaishgi sold 35,000 shares of IBEX stock. The stock was sold at an average price of $29.66, for a total transaction of $1,038,100.00.

IBEX Price Performance

IBEX stock opened at $28.26 on Thursday. The stock has a market cap of $377.84 million, a P/E ratio of 12.34 and a beta of 0.78. The company has a fifty day simple moving average of $26.91 and a 200-day simple moving average of $24.40. 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 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01.

Institutional Investors Weigh In On IBEX

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. lifted its position in IBEX by 8,785.7% in 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 last quarter. Tower Research Capital LLC TRC lifted its position in IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after acquiring an additional 1,401 shares during the last quarter. US Bancorp DE purchased a new stake in IBEX in the first quarter valued at $41,000. Deutsche Bank AG purchased a new stake in IBEX in the fourth quarter valued at $46,000. Finally, Quantbot Technologies LP lifted its position in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after acquiring an additional 2,311 shares during the last quarter. 81.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on IBEX. Baird R W cut shares of IBEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Robert W. Baird cut shares of IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Monday, May 12th.

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.