IBEX Limited (NASDAQ:IBEX) Short Interest Down 21.3% in February

IBEX Limited (NASDAQ:IBEX) was the recipient of a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 111,500 shares, a decline of 21.3% from the February 13th total of 141,700 shares. Based on an average trading volume of 189,300 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target 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.

Insider Buying and Selling at IBEX

In related news, Director Shuja Keen sold 11,199 shares of the company’s stock in a transaction on Monday, December 30th. The stock was sold at an average price of $21.95, for a total value of $245,818.05. Following the sale, the director now directly owns 47,727 shares of the company’s stock, valued at $1,047,607.65. This represents a 19.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bruce Neil Dawson sold 13,500 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $24.00, for a total value of $324,000.00. Following the completion of the transaction, the insider now owns 5,607 shares of the company’s stock, valued at approximately $134,568. This trade represents a 70.65 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 183,412 shares of company stock worth $4,659,939. 6.72% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IBEX. Russell Investments Group Ltd. raised 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 acquiring an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of IBEX by 267.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock worth $41,000 after purchasing an additional 1,401 shares during the last quarter. FMR LLC lifted its holdings in shares of IBEX by 314.5% during the third quarter. FMR LLC now owns 2,139 shares of the company’s stock valued at $43,000 after purchasing an additional 1,623 shares in the last quarter. Deutsche Bank AG bought a new position in shares of IBEX during the fourth quarter valued at $46,000. Finally, R Squared Ltd purchased a new stake in shares of IBEX during the fourth quarter valued at $48,000. Institutional investors own 81.24% of the company’s stock.

IBEX Stock Up 5.4 %

IBEX stock traded up $1.34 on Wednesday, reaching $26.32. 402,053 shares of the company traded hands, compared to its average volume of 104,536. The firm has a fifty day simple moving average of $23.93 and a 200-day simple moving average of $21.08. The company has a market cap of $347.21 million, a P/E ratio of 12.39 and a beta of 0.75. IBEX has a one year low of $13.00 and a one year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.44 and a quick ratio of 1.44.

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

IBEX Company Profile

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.