224,691 Shares in IBEX Limited (NASDAQ:IBEX) Bought by Impact Capital Partners LLC

Impact Capital Partners LLC acquired a new stake in IBEX Limited (NASDAQ:IBEX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 224,691 shares of the company’s stock, valued at approximately $4,829,000. IBEX comprises 1.7% of Impact Capital Partners LLC’s investment portfolio, making the stock its 8th largest holding.

Several other large investors also recently made changes to their positions in IBEX. FMR LLC grew its position in IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock worth $43,000 after buying an additional 1,623 shares in the last quarter. Janus Henderson Group PLC grew its stake in shares of IBEX by 11.9% during the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after purchasing an additional 1,842 shares during the last quarter. State Street Corp increased its stake in shares of IBEX by 1.2% in the 3rd quarter. State Street Corp now owns 181,035 shares of the company’s stock valued at $3,617,000 after buying an additional 2,105 shares during the period. R Squared Ltd acquired a new stake in shares of IBEX during the 4th quarter worth approximately $48,000. Finally, Victory Capital Management Inc. raised its position in shares of IBEX by 4.8% during the 4th quarter. Victory Capital Management Inc. now owns 61,457 shares of the company’s stock valued at $1,321,000 after acquiring an additional 2,800 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised their price objective 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 Trading Up 1.2 %

Shares of IBEX stock opened at $24.32 on Thursday. The company has a market capitalization of $320.83 million, a price-to-earnings ratio of 11.42 and a beta of 0.75. The business has a fifty day simple moving average of $23.67 and a two-hundred day simple moving average of $20.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83.

IBEX (NASDAQ:IBEX) last released its quarterly earnings data 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%.

Insider Buying and Selling

In related news, CEO Robert Thomas Dechant sold 49,931 shares of IBEX stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the sale, the chief executive officer now owns 213,633 shares of the company’s stock, valued at approximately $5,605,729.92. This trade represents a 18.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Shuja Keen sold 11,199 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $21.95, for a total value of $245,818.05. Following the completion of the transaction, the director now directly owns 47,727 shares of the company’s stock, valued at $1,047,607.65. The trade was a 19.01 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 203,412 shares of company stock worth $5,059,939. 6.72% of the stock is owned by 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.