Hillsdale Investment Management Inc. Buys 55,900 Shares of IBEX Limited (NASDAQ:IBEX)

Hillsdale Investment Management Inc. lifted its stake in IBEX Limited (NASDAQ:IBEX) by 35.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 212,200 shares of the company’s stock after acquiring an additional 55,900 shares during the period. Hillsdale Investment Management Inc. owned 1.27% of IBEX worth $4,560,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in IBEX. FMR LLC grew its stake in IBEX by 314.5% during the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after buying an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new position in IBEX during the 4th quarter worth $48,000. Quantbot Technologies LP grew its stake in IBEX by 711.1% during the 4th quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock worth $57,000 after buying an additional 2,311 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in IBEX during the 3rd quarter worth $68,000. Finally, SG Americas Securities LLC purchased a new position in IBEX during the 4th quarter worth $116,000. 81.24% of the stock is owned by institutional investors.

Insider Buying and Selling at IBEX

In other news, Director Shuja Keen sold 11,199 shares of the company’s stock in a transaction dated Monday, December 30th. The stock was sold at an average price of $21.95, for a total value of $245,818.05. Following the sale, the director now owns 47,727 shares in the company, valued at $1,047,607.65. This represents a 19.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Thomas Dechant sold 3,008 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $67,680.00. Following the completion of the sale, the chief executive officer now owns 223,633 shares in the company, valued at $5,031,742.50. The trade was a 1.33 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 183,412 shares of company stock worth $4,659,939. 6.72% of the stock is currently owned by insiders.

IBEX Price Performance

IBEX stock opened at $25.22 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day simple moving average is $24.17 and its two-hundred day simple moving average is $21.20. The company has a market cap of $332.70 million, a PE ratio of 11.84 and a beta of 0.75. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate 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 boosted their target price on IBEX from $21.00 to $24.00 and gave the stock a “sector perform” rating in a research note on Friday, February 7th.

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.