Integrated Quantitative Investments LLC Makes New $231,000 Investment in IBEX Limited (NASDAQ:IBEX)

Integrated Quantitative Investments LLC purchased a new stake in IBEX Limited (NASDAQ:IBEX) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,761 shares of the company’s stock, valued at approximately $231,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. FMR LLC boosted its holdings in shares of IBEX by 314.5% in the 3rd quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after buying an additional 1,623 shares during the period. Walleye Capital LLC acquired a new stake in IBEX in the third quarter worth $556,000. Janus Henderson Group PLC lifted its stake in IBEX by 11.9% in the third quarter. Janus Henderson Group PLC now owns 17,361 shares of the company’s stock valued at $347,000 after buying an additional 1,842 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in shares of IBEX by 20.4% during the third 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 period. Finally, Quadrature Capital Ltd bought a new position in shares of IBEX during the third quarter worth about $522,000. 81.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

IBEX Stock Down 4.3 %

IBEX stock opened at $23.34 on Friday. The company has a market capitalization of $307.90 million, a price-to-earnings ratio of 10.96 and a beta of 0.75. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.01. IBEX Limited has a 52 week low of $13.00 and a 52 week high of $27.83. The firm’s 50-day moving average is $24.74 and its two-hundred day moving average is $21.73.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.02. IBEX had a net margin of 7.08% and a return on equity of 25.29%.

Insider Activity at IBEX

In related news, CEO Robert Thomas Dechant sold 49,931 shares of the firm’s stock in a transaction that occurred 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 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 is accessible through this hyperlink. Also, insider Bruce Neil Dawson sold 13,500 shares of IBEX stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $24.00, for a total transaction of $324,000.00. Following the transaction, 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 sold 172,213 shares of company stock worth $4,414,121 in the last quarter. 6.72% of the stock is owned by company insiders.

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.