R Squared Ltd Makes New $48,000 Investment in IBEX Limited (NASDAQ:IBEX)

R Squared Ltd bought a new position in shares of IBEX Limited (NASDAQ:IBEX) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,250 shares of the company’s stock, valued at approximately $48,000.

Other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC purchased a new stake in IBEX in the fourth quarter worth $307,000. SG Americas Securities LLC purchased a new stake in shares of IBEX in the 4th quarter worth about $116,000. Ritholtz Wealth Management increased its stake in shares of IBEX by 76.9% in the 4th quarter. Ritholtz Wealth Management now owns 32,859 shares of the company’s stock worth $706,000 after acquiring an additional 14,279 shares in the last quarter. JPMorgan Chase & Co. lifted its position in IBEX by 386.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 19,345 shares of the company’s stock valued at $387,000 after acquiring an additional 15,372 shares during the period. Finally, Virtu Financial LLC bought a new stake in IBEX during the third quarter worth about $380,000. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Robert W. Baird raised their target price on shares of 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.25.

IBEX Price Performance

Shares of IBEX stock opened at $22.01 on Friday. The stock has a market cap of $368.89 million, a price-to-earnings ratio of 11.65 and a beta of 0.78. IBEX Limited has a 1 year low of $13.00 and a 1 year high of $22.67. The firm’s 50-day moving average is $21.10 and its 200 day moving average is $19.15.

IBEX (NASDAQ:IBEX) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.48 EPS for the quarter. IBEX had a net margin of 6.57% and a return on equity of 22.54%. The firm had revenue of $129.72 million for the quarter.

Insider Transactions at IBEX

In related news, CEO Robert Thomas Dechant sold 3,008 shares of IBEX stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $22.50, for a total value of $67,680.00. Following the completion of the sale, the chief executive officer now directly owns 223,633 shares in the company, valued at approximately $5,031,742.50. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Group International L. Resource sold 2,011 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $20.00, for a total transaction of $40,220.00. Following the transaction, the director now owns 5,348,432 shares in the company, valued at $106,968,640. This represents a 0.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 328,500 shares of company stock worth $6,671,933 over the last quarter. 6.72% of the stock is currently owned by insiders.

IBEX 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.