IBEX Limited (NASDAQ:IBEX) Major Shareholder Gem G.P. L.P. Pinebridge II Sells 78,728 Shares

IBEX Limited (NASDAQ:IBEX) major shareholder Gem G.P. L.P. Pinebridge II sold 78,728 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $20.12, for a total value of $1,584,007.36. Following the completion of the sale, the insider now directly owns 1,641,011 shares in the company, valued at approximately $33,017,141.32. The trade was a 4.58 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Gem G.P. L.P. Pinebridge II also recently made the following trade(s):

• On Thursday, October 10th, Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock. The shares were sold at an average price of $19.03, for a total value of $373,787.26.
• On Tuesday, October 8th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.05, for a total value of $381,000.00.
• On Wednesday, October 2nd, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.24, for a total transaction of $384,800.00.
• On Monday, September 30th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.82, for a total transaction of $396,400.00.
• On Wednesday, September 25th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The shares were sold at an average price of $19.89, for a total transaction of $397,800.00.

IBEX Price Performance

NASDAQ:IBEX opened at $20.60 on Friday. IBEX Limited has a 12 month low of $13.00 and a 12 month high of $21.63. The firm has a market capitalization of $345.26 million, a PE ratio of 10.90 and a beta of 0.76. The business’s fifty day moving average price is $19.30 and its 200 day moving average price is $17.26.

IBEX (NASDAQ:IBEX) last posted its earnings results on Thursday, September 12th. The company reported $0.54 earnings per share for the quarter. The firm had revenue of $124.53 million during the quarter. IBEX had a return on equity of 22.54% and a net margin of 6.57%.

Institutional Trading of IBEX

Several institutional investors and hedge funds have recently made changes to their positions in IBEX. American Century Companies Inc. boosted its stake in IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after purchasing an additional 55,216 shares during the period. Kennedy Capital Management LLC grew its holdings in shares of IBEX by 341.7% during the first quarter. Kennedy Capital Management LLC now owns 282,675 shares of the company’s stock worth $4,362,000 after buying an additional 218,679 shares during the last quarter. Dimensional Fund Advisors LP increased its position in IBEX by 1.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after acquiring an additional 3,052 shares during the period. State Street Corp raised its stake in IBEX by 1.2% during the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after acquiring an additional 2,105 shares during the last quarter. Finally, Sei Investments Co. lifted its position in IBEX by 12.1% during the 2nd quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock worth $2,327,000 after acquiring an additional 15,507 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IBEX has been the subject of several recent research reports. Royal Bank of Canada raised their price target on shares of IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research report on Friday, September 13th. Robert W. Baird boosted their target price on IBEX from $23.00 to $26.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, IBEX presently has an average rating of “Moderate Buy” and a consensus target price of $21.25.

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.