Insider Selling: IBEX (NASDAQ:IBEX) COO Sells $11,739.39 in Stock

IBEX Limited (NASDAQ:IBEX) COO David Martin Afdahl sold 403 shares of the company’s stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $29.13, for a total value of $11,739.39. Following the transaction, the chief operating officer directly owned 54,986 shares in the company, valued at $1,601,742.18. The trade was a 0.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

IBEX Price Performance

Shares of NASDAQ:IBEX opened at $40.37 on Thursday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. The stock’s fifty day simple moving average is $30.21 and its two-hundred day simple moving average is $27.79. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The stock has a market cap of $537.32 million, a PE ratio of 16.89 and a beta of 0.77.

Institutional Investors Weigh In On IBEX

Several large investors have recently added to or reduced their stakes in IBEX. Acadian Asset Management LLC increased its holdings in IBEX by 121.1% in the 1st quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock worth $10,011,000 after acquiring an additional 225,380 shares during the last quarter. Bridgeway Capital Management LLC purchased a new stake in IBEX in the 1st quarter worth about $3,591,000. AQR Capital Management LLC increased its holdings in IBEX by 312.6% in the 1st quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock worth $3,407,000 after acquiring an additional 105,997 shares during the last quarter. Nuveen LLC purchased a new stake in IBEX in the 1st quarter worth about $2,279,000. Finally, Two Sigma Advisers LP boosted its stake in IBEX by 97.7% in the 4th quarter. Two Sigma Advisers LP now owns 145,700 shares of the company’s stock worth $3,131,000 after purchasing an additional 72,000 shares during the period. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

Separately, Royal Bank Of Canada raised their price objective on IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a research note on Friday, September 12th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $34.50.

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.