Moran Wealth Management LLC Makes New $226,000 Investment in IBEX Limited $IBEX

Moran Wealth Management LLC purchased a new position in shares of IBEX Limited (NASDAQ:IBEX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,750 shares of the company’s stock, valued at approximately $226,000. Moran Wealth Management LLC owned approximately 0.06% of IBEX as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in IBEX. US Bancorp DE purchased a new stake in shares of IBEX during the 1st quarter worth about $41,000. CWM LLC boosted its stake in shares of IBEX by 392.7% during the 1st quarter. CWM LLC now owns 2,853 shares of the company’s stock worth $69,000 after acquiring an additional 2,274 shares in the last quarter. Amundi purchased a new position in IBEX during the first quarter worth approximately $74,000. EP Wealth Advisors LLC purchased a new position in IBEX during the first quarter worth approximately $217,000. Finally, Brendel Financial Advisors LLC purchased a new position in IBEX during the first quarter worth approximately $258,000. 81.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other IBEX news, CFO Taylor C. Greenwald sold 2,295 shares of the firm’s stock in a transaction on Friday, September 19th. The stock was sold at an average price of $40.73, for a total value of $93,475.35. Following the transaction, the chief financial officer owned 33,561 shares in the company, valued at approximately $1,366,939.53. This trade represents a 6.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Julie K. Casteel sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $39.00, for a total transaction of $195,000.00. Following the completion of the transaction, the insider directly owned 25,895 shares in the company, valued at approximately $1,009,905. This represents a 16.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 81,315 shares of company stock worth $3,036,165 in the last ninety days. Company insiders own 6.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of IBEX in a research report on Wednesday, October 8th. Royal Bank Of Canada increased their target price on IBEX from $31.00 to $39.00 and gave the company a “sector perform” rating in a research report on Friday, September 12th. Four research analysts have rated the stock with a Hold rating, According to data from MarketBeat, IBEX has a consensus rating of “Hold” and a consensus target price of $34.50.

IBEX Stock Performance

NASDAQ IBEX opened at $36.23 on Friday. The company has a market cap of $482.22 million, a PE ratio of 15.16 and a beta of 0.83. The stock’s 50 day simple moving average is $34.44 and its 200-day simple moving average is $29.93. IBEX Limited has a 1-year low of $17.53 and a 1-year high of $42.99. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.82 and a quick ratio of 1.82.

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.