Brendel Financial Advisors LLC Invests $258,000 in IBEX Limited (NASDAQ:IBEX)

Brendel Financial Advisors LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,580 shares of the company’s stock, valued at approximately $258,000.

A number of other institutional investors also recently made changes to their positions in IBEX. JPMorgan Chase & Co. boosted its holdings in shares of IBEX by 1,369.6% during the fourth quarter. JPMorgan Chase & Co. now owns 284,292 shares of the company’s stock worth $6,109,000 after acquiring an additional 264,947 shares during the period. Impact Capital Partners LLC bought a new stake in shares of IBEX during the fourth quarter worth approximately $4,829,000. Dimensional Fund Advisors LP boosted its holdings in shares of IBEX by 30.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 326,141 shares of the company’s stock worth $7,009,000 after acquiring an additional 76,302 shares during the period. Walleye Capital LLC boosted its stake in shares of IBEX by 267.2% in the fourth quarter. Walleye Capital LLC now owns 102,220 shares of the company’s stock valued at $2,197,000 after buying an additional 74,380 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of IBEX by 97.7% in the fourth quarter. Two Sigma Advisers LP now owns 145,700 shares of the company’s stock valued at $3,131,000 after buying an additional 72,000 shares during the period. Institutional investors own 81.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on IBEX shares. Robert W. Baird cut IBEX from an “outperform” rating to a “neutral” rating and set a $30.00 price target for the company. in a research note on Monday, May 12th. Baird R W cut IBEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 12th.

IBEX Trading Down 2.8%

Shares of IBEX stock opened at $27.48 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 0.01. The stock has a market cap of $367.41 million, a P/E ratio of 12.00 and a beta of 0.78. The stock has a 50 day simple moving average of $27.09 and a 200 day simple moving average of $24.53. IBEX Limited has a 1 year low of $15.15 and a 1 year high of $32.08.

Insider Activity at IBEX

In other IBEX news, insider Paul Joseph Inson sold 3,690 shares of the business’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $28.59, for a total transaction of $105,497.10. Following the completion of the transaction, the insider now directly owns 17,352 shares in the company, valued at $496,093.68. The trade was a 17.54% 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, Director Mohammedulla Khaishgi sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $29.66, for a total transaction of $1,038,100.00. Following the transaction, the director now owns 42,312 shares of the company’s stock, valued at approximately $1,254,973.92. This represents a 45.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 58,910 shares of company stock worth $1,724,647. Company insiders own 6.72% of the company’s stock.

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.