IBEX Limited (NASDAQ:IBEX) CEO Sells $1,310,189.44 in Stock

IBEX Limited (NASDAQ:IBEX) CEO Robert Thomas Dechant sold 49,931 shares of IBEX stock in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $26.24, for a total transaction of $1,310,189.44. Following the completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Robert Thomas Dechant also recently made the following trade(s):

• On Friday, February 14th, Robert Thomas Dechant sold 5,000 shares of IBEX stock. The stock was sold at an average price of $27.56, for a total value of $137,800.00.
• On Monday, February 10th, Robert Thomas Dechant sold 61 shares of IBEX stock. The shares were sold at an average price of $25.00, for a total value of $1,525.00.
• On Friday, February 7th, Robert Thomas Dechant sold 2,621 shares of IBEX stock. The stock was sold at an average price of $25.00, for a total value of $65,525.00.
• On Monday, January 27th, Robert Thomas Dechant sold 3,008 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total transaction of $67,680.00.
• On Friday, January 24th, Robert Thomas Dechant sold 200 shares of IBEX stock. The stock was sold at an average price of $22.50, for a total transaction of $4,500.00.
• On Tuesday, January 21st, Robert Thomas Dechant sold 1,792 shares of IBEX stock. The shares were sold at an average price of $22.50, for a total transaction of $40,320.00.

IBEX Price Performance

NASDAQ:IBEX traded down $0.54 during trading hours on Thursday, hitting $25.22. 129,967 shares of the stock traded hands, compared to its average volume of 222,207. The stock has a 50 day moving average price of $22.88 and a 200 day moving average price of $20.25. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $332.70 million, a price-to-earnings ratio of 11.84 and a beta of 0.78. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $27.83.

IBEX (NASDAQ:IBEX) last released its earnings results 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 net margin of 7.08% and a return on equity of 25.29%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on IBEX shares. Royal Bank of Canada boosted their price objective 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. 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.

Hedge Funds Weigh In On IBEX

Hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in IBEX by 8,785.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,866 shares of the company’s stock worth $40,000 after purchasing an additional 1,845 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of IBEX by 267.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after buying an additional 1,401 shares during the last quarter. FMR LLC lifted its holdings in shares of IBEX by 314.5% in 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. Deutsche Bank AG bought a new position in shares of IBEX during the fourth quarter worth $46,000. Finally, R Squared Ltd purchased a new position in IBEX during the fourth quarter valued at $48,000. 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.