Ritholtz Wealth Management Has $2.69 Million Stock Position in IBEX Limited $IBEX

Ritholtz Wealth Management raised its stake in shares of IBEX Limited (NASDAQ:IBEX) by 16.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,556 shares of the company’s stock after buying an additional 12,874 shares during the quarter. Ritholtz Wealth Management’s holdings in IBEX were worth $2,693,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Moran Wealth Management LLC acquired a new position in shares of IBEX during the 2nd quarter worth about $226,000. CWM LLC grew its position in shares of IBEX by 53.3% during the 2nd quarter. CWM LLC now owns 4,373 shares of the company’s stock worth $127,000 after buying an additional 1,520 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of IBEX during the 2nd quarter worth about $462,000. Sheets Smith Wealth Management acquired a new position in shares of IBEX during the 2nd quarter worth about $478,000. Finally, Voya Investment Management LLC grew its position in shares of IBEX by 65.5% during the 1st quarter. Voya Investment Management LLC now owns 15,767 shares of the company’s stock worth $384,000 after buying an additional 6,239 shares during the period. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on IBEX shares. Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research report on Wednesday, October 8th. Royal Bank Of Canada boosted their target price on IBEX from $31.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Friday, September 12th. Four analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $34.50.

IBEX Trading Down 0.7%

NASDAQ:IBEX opened at $36.60 on Thursday. IBEX Limited has a fifty-two week low of $17.53 and a fifty-two week high of $42.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82. The stock has a market capitalization of $487.15 million, a PE ratio of 15.31 and a beta of 0.83. The business’s 50-day simple moving average is $34.11 and its 200-day simple moving average is $29.77.

Insider Transactions at IBEX

In other IBEX news, insider Julie K. Casteel sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total value of $195,000.00. Following the sale, the insider owned 25,895 shares in the company, valued at approximately $1,009,905. The trade was a 16.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Thomas Dechant sold 45,027 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $38.89, for a total value of $1,751,100.03. Following the completion of the sale, the chief executive officer 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 can be found here. In the last three months, insiders have sold 81,315 shares of company stock worth $3,036,165. Corporate insiders own 6.72% of the company’s stock.

IBEX 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.