Segall Bryant & Hamill LLC Makes New Investment in IBEX Limited (NASDAQ:IBEX)

Segall Bryant & Hamill LLC purchased a new stake in IBEX Limited (NASDAQ:IBEX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 54,411 shares of the company’s stock, valued at approximately $1,169,000. Segall Bryant & Hamill LLC owned 0.32% of IBEX at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in IBEX. FMR LLC lifted its holdings in IBEX by 314.5% in the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after acquiring an additional 1,623 shares during the last quarter. R Squared Ltd purchased a new stake in IBEX in the fourth quarter valued at $48,000. Quantbot Technologies LP raised its position in IBEX by 711.1% in the fourth quarter. Quantbot Technologies LP now owns 2,636 shares of the company’s stock valued at $57,000 after purchasing an additional 2,311 shares during the period. Public Employees Retirement System of Ohio acquired a new position in shares of IBEX in the 3rd quarter valued at $68,000. Finally, SG Americas Securities LLC purchased a new position in shares of IBEX during the 4th quarter worth $116,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Stock Down 3.2 %

IBEX stock opened at $24.42 on Friday. The company has a market capitalization of $322.15 million, a PE ratio of 11.46 and a beta of 0.75. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.44 and a current ratio of 1.44. IBEX Limited has a fifty-two week low of $13.00 and a fifty-two week high of $27.83. The firm has a 50 day moving average price of $24.51 and a 200 day moving average price of $21.48.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. IBEX had a return on equity of 25.29% and a net margin of 7.08%.

Insiders Place Their Bets

In other IBEX news, CEO Robert Thomas Dechant sold 49,931 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were sold at an average price of $26.24, for a total value of $1,310,189.44. Following the completion of the transaction, the chief executive officer now owns 213,633 shares in the company, valued at $5,605,729.92. The trade was a 18.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Bruce Neil Dawson sold 13,500 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the sale, the insider now owns 5,607 shares in the company, valued at approximately $134,568. The trade was a 70.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 183,412 shares of company stock worth $4,659,939 over the last three months. Company insiders own 6.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada upped their target price on shares of IBEX from $21.00 to $24.00 and gave the company a “sector perform” rating in a research report on Friday, February 7th.

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.