Los Angeles Capital Management LLC Raises Position in IBEX Limited $IBEX

Los Angeles Capital Management LLC increased its stake in IBEX Limited (NASDAQ:IBEX) by 24.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 36,104 shares of the company’s stock after purchasing an additional 7,125 shares during the quarter. Los Angeles Capital Management LLC’s holdings in IBEX were worth $1,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jacobs Levy Equity Management Inc. grew its position in IBEX by 73.1% in the first quarter. Jacobs Levy Equity Management Inc. now owns 116,395 shares of the company’s stock valued at $2,834,000 after acquiring an additional 49,167 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in shares of IBEX during the first quarter worth $217,000. Cubist Systematic Strategies LLC lifted its position in shares of IBEX by 132.5% during the first quarter. Cubist Systematic Strategies LLC now owns 91,059 shares of the company’s stock worth $2,217,000 after purchasing an additional 51,886 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of IBEX by 834.2% in the first quarter. Russell Investments Group Ltd. now owns 17,433 shares of the company’s stock valued at $425,000 after purchasing an additional 15,567 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in IBEX by 121.1% during the 1st quarter. Acadian Asset Management LLC now owns 411,466 shares of the company’s stock valued at $10,011,000 after purchasing an additional 225,380 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

IBEX Stock Up 0.5%

Shares of NASDAQ:IBEX opened at $36.80 on Thursday. The firm has a market cap of $495.70 million, a PE ratio of 13.24 and a beta of 0.82. The company has a fifty day simple moving average of $37.33 and a 200 day simple moving average of $31.76. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.01. IBEX Limited has a 12-month low of $18.75 and a 12-month high of $42.99.

Insider Activity at IBEX

In other news, insider Paul Joseph Inson sold 10,000 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $30.00, for a total value of $300,000.00. Following the completion of the sale, the insider owned 7,352 shares of the company’s stock, valued at approximately $220,560. The trade was a 57.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Thomas Dechant sold 45,027 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $38.89, for a total transaction of $1,751,100.03. Following the completion of the sale, the chief executive officer owned 191,999 shares in the company, valued at approximately $7,466,841.11. This trade represents a 19.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 81,315 shares of company stock worth $3,036,165 over the last 90 days. Company insiders own 3.40% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank Of Canada boosted their price objective on shares of IBEX from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Monday. Weiss Ratings upgraded IBEX from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, IBEX presently has an average rating of “Hold” and a consensus price target of $35.00.

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.