Insider Selling: IBEX Limited (NASDAQ:IBEX) Major Shareholder Sells 20,000 Shares of Stock

Posted by Tech Dows on Dec 19th, 2024

IBEX Limited (NASDAQ:IBEX – Get Free Report) major shareholder Gem G.P. L.P. Pinebridge II sold 20,000 shares of IBEX stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $20.00, for a total value of $400,000.00. Following the completion of the sale, the insider now owns 1,309,781 shares of the company’s stock, valued at $26,195,620. This trade represents a 1.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

On Monday, December 9th, Gem G.P. L.P. Pinebridge II sold 23,735 shares of IBEX stock. The stock was sold at an average price of $20.02, for a total transaction of $475,174.70.
On Wednesday, December 4th, Gem G.P. L.P. Pinebridge II sold 82,572 shares of IBEX stock. The stock was sold at an average price of $20.20, for a total transaction of $1,667,954.40.
On Monday, December 2nd, Gem G.P. L.P. Pinebridge II sold 25,878 shares of IBEX stock. The shares were sold at an average price of $20.75, for a total transaction of $536,968.50.
On Wednesday, November 20th, Gem G.P. L.P. Pinebridge II sold 78,728 shares of IBEX stock. The stock was sold at an average price of $20.12, for a total value of $1,584,007.36.
On Thursday, October 10th, Gem G.P. L.P. Pinebridge II sold 19,642 shares of IBEX stock. The shares were 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 stock was 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 transaction of $396,400.00.
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 transaction of $397,800.00.

IBEX Price Performance

IBEX stock opened at $19.58 on Thursday. The firm’s fifty day moving average price is $19.53 and its 200 day moving average price is $17.93. The company has a market capitalization of $328.26 million, a price-to-earnings ratio of 10.36 and a beta of 0.80. IBEX Limited has a 12-month low of $13.00 and a 12-month high of $21.63.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on IBEX. Royal Bank of Canada increased their price target on IBEX from $18.00 to $20.00 and gave the company a “sector perform” rating in a report on Friday, September 13th. Robert W. Baird increased their target price on IBEX from $23.00 to $26.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.25.

View Our Latest Research Report on IBEX

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IBEX. American Century Companies Inc. increased its holdings in IBEX by 4.3% during the 2nd quarter. American Century Companies Inc. now owns 1,338,863 shares of the company’s stock worth $21,663,000 after purchasing an additional 55,216 shares during the last quarter. Dimensional Fund Advisors LP grew its position 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 worth $3,228,000 after buying an additional 3,052 shares in the last quarter. State Street Corp increased its stake in shares of IBEX by 1.2% in the third quarter. State Street Corp now owns 181,035 shares of the company’s stock worth $3,617,000 after buying an additional 2,105 shares during the last quarter. Sei Investments Co. raised its holdings in IBEX by 12.1% in the second quarter. Sei Investments Co. now owns 143,812 shares of the company’s stock valued at $2,327,000 after acquiring an additional 15,507 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in IBEX by 20.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 85,149 shares of the company’s stock valued at $1,701,000 after acquiring an additional 14,411 shares during the last quarter. Institutional investors and hedge funds own 81.24% of the company’s stock.

IBEX Company Profile

(Get Free Report)

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.