Gem G.P. L.P. Pinebridge II Sells 20,000 Shares of IBEX Limited (NASDAQ:IBEX) Stock

IBEX Limited (NASDAQ:IBEX) Director Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $19.82, for a total value of $396,400.00. Following the completion of the transaction, the director now owns 1,829,739 shares of the company’s stock, valued at $36,265,426.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Wednesday, September 25th, Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock. The stock was sold at an average price of $19.89, for a total value of $397,800.00.

IBEX Stock Performance

Shares of IBEX stock opened at $19.77 on Wednesday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average of $17.50 and a two-hundred day moving average of $15.97. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $20.56. The company has a market cap of $340.32 million, a P/E ratio of 12.92 and a beta of 0.73.

Wall Street Analysts Forecast Growth

IBEX has been the subject of a number of research reports. Robert W. Baird lifted their price target on IBEX from $20.00 to $23.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Royal Bank of Canada lifted their target price on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Institutional Investors Weigh In On IBEX

A number of hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of IBEX by 6.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 32,607 shares of the company’s stock valued at $528,000 after buying an additional 1,874 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of IBEX during the second quarter valued at approximately $38,000. Dimensional Fund Advisors LP raised its holdings in shares of IBEX by 1.6% during the second quarter. Dimensional Fund Advisors LP now owns 199,529 shares of the company’s stock valued at $3,228,000 after buying an additional 3,052 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of IBEX by 5.9% during the second quarter. Victory Capital Management Inc. now owns 55,207 shares of the company’s stock valued at $893,000 after buying an additional 3,084 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of IBEX by 9.3% during the first quarter. Jacobs Levy Equity Management Inc. now owns 37,390 shares of the company’s stock valued at $577,000 after buying an additional 3,191 shares during the last quarter. Institutional investors own 81.24% of the company’s stock.

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.