Los Angeles Capital Management LLC Trims Position in IBEX Limited (NASDAQ:IBEX)

Los Angeles Capital Management LLC decreased its position in shares of IBEX Limited (NASDAQ:IBEX) by 26.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 75,580 shares of the company’s stock after selling 26,624 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.42% of IBEX worth $1,437,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP lifted its position in shares of IBEX by 126.4% in the third quarter. Quantbot Technologies LP now owns 4,560 shares of the company’s stock valued at $70,000 after acquiring an additional 2,546 shares in the last quarter. Barclays PLC grew its holdings in IBEX by 15.9% during the 3rd quarter. Barclays PLC now owns 9,932 shares of the company’s stock valued at $154,000 after buying an additional 1,363 shares in the last quarter. Seizert Capital Partners LLC bought a new stake in shares of IBEX during the third quarter valued at approximately $263,000. Trexquant Investment LP raised its position in shares of IBEX by 13.0% during the third quarter. Trexquant Investment LP now owns 18,106 shares of the company’s stock valued at $280,000 after buying an additional 2,085 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of IBEX by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 26,176 shares of the company’s stock worth $404,000 after buying an additional 748 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

IBEX Stock Up 2.6 %

Shares of IBEX stock opened at $14.12 on Wednesday. The firm has a market cap of $248.09 million, a price-to-earnings ratio of 8.99 and a beta of 0.68. The company’s 50 day moving average is $14.54 and its 200 day moving average is $16.39. IBEX Limited has a 52-week low of $11.45 and a 52-week high of $23.49.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 8th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.10). IBEX had a net margin of 5.79% and a return on equity of 20.10%. The firm had revenue of $132.63 million during the quarter, compared to analyst estimates of $137.38 million.

Insider Buying and Selling at IBEX

In other news, insider Jeffrey Hays Cox sold 7,331 shares of the business’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $16.06, for a total transaction of $117,735.86. Following the sale, the insider now directly owns 402,920 shares of the company’s stock, valued at $6,470,895.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 20.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBEX. Robert W. Baird reduced their price target on shares of IBEX from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Friday, April 19th. TheStreet downgraded IBEX from a “b-” rating to a “c+” rating in a research report on Wednesday, March 6th. Piper Sandler reiterated a “neutral” rating and set a $17.00 price target on shares of IBEX in a report on Friday, February 9th. Finally, Truist Financial decreased their price objective on shares of IBEX from $25.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, February 9th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, IBEX presently has an average rating of “Hold” and a consensus target price of $19.20.

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.