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 IBEX stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $20.12, for a total transaction of $1,584,007.36. Following the transaction, the insider now directly owns 1,641,011 shares in the company, valued at approximately $33,017,141.32. This represents a 4.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases 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 stock was 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 value 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 value 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 Stock Down 2.5 %

Shares of IBEX stock 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 company’s fifty day simple moving average is $19.30 and its 200-day simple moving average is $17.28. The firm has a market cap of $345.36 million, a PE ratio of 10.90 and a beta of 0.76.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in shares of IBEX during the 3rd quarter worth approximately $380,000. Barclays PLC grew its stake in shares of IBEX by 95.2% in the third quarter. Barclays PLC now owns 20,636 shares of the company’s stock valued at $412,000 after buying an additional 10,062 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in IBEX during the third quarter worth $68,000. Jane Street Group LLC raised its position in IBEX by 114.6% during the third quarter. Jane Street Group LLC now owns 29,960 shares of the company’s stock worth $599,000 after acquiring an additional 15,999 shares in the last quarter. Finally, State Street Corp lifted its stake in IBEX by 1.2% in the third 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. 81.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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.