Cwm LLC Buys 2,274 Shares of IBEX Limited (NASDAQ:IBEX)

by · The Markets Daily

Cwm LLC grew its stake in shares of IBEX Limited (NASDAQ:IBEX – Free Report) by 392.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,853 shares of the company’s stock after buying an additional 2,274 shares during the quarter. Cwm LLC’s holdings in IBEX were worth $69,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. 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 valued at $40,000 after buying an additional 1,845 shares during the last quarter. Tower Research Capital LLC TRC increased its position in IBEX by 267.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,925 shares of the company’s stock valued at $41,000 after acquiring an additional 1,401 shares during the period. Deutsche Bank AG bought a new position in shares of IBEX during the fourth quarter valued at $46,000. Wells Fargo & Company MN lifted its holdings in shares of IBEX by 24.5% during the fourth quarter. Wells Fargo & Company MN now owns 5,024 shares of the company’s stock worth $108,000 after purchasing an additional 990 shares during the period. Finally, State of Wyoming bought a new stake in shares of IBEX in the fourth quarter worth $119,000. 81.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at IBEX

In other IBEX news, CEO Robert Thomas Dechant sold 15,000 shares of the stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $28.96, for a total transaction of $434,400.00. Following the completion of the sale, the chief executive officer directly owned 198,633 shares in the company, valued at approximately $5,752,411.68. This trade represents a 7.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mohammedulla Khaishgi sold 35,000 shares of IBEX stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $29.66, for a total value of $1,038,100.00. Following the completion of the transaction, the director directly owned 42,312 shares of the company’s stock, valued at approximately $1,254,973.92. This trade represents a 45.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,910 shares of company stock worth $1,874,647 over the last quarter. Company insiders own 6.72% of the company’s stock.

IBEX Trading Down 6.2%

NASDAQ:IBEX opened at $27.75 on Friday. IBEX Limited has a 52 week low of $15.17 and a 52 week high of $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.67 and a current ratio of 1.67. The firm’s fifty day moving average is $29.34 and its 200-day moving average is $26.34. The firm has a market cap of $371.02 million, a P/E ratio of 12.12 and a beta of 0.77.

Analysts Set New Price Targets

Several brokerages recently issued reports on IBEX. Baird R W lowered IBEX from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 12th. Robert W. Baird downgraded IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price objective for the company. in a research report on Monday, May 12th.

View Our Latest Stock Report on IBEX

IBEX Profile

(Free Report)

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.

See Also

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