On September 23, 2024, Resource Group International Ltd, a Director and 10% Owner at IBEX Ltd (IBEX, Financial), sold 64,144 shares of the company. Following this transaction, the insider now owns 5,375,114 shares of IBEX Ltd. Details of the transaction can be viewed on the SEC Filing.
IBEX Ltd operates as a global provider of business process outsourcing (BPO) services. The company specializes in customer engagement and improving business outcomes for over 100 clients across various sectors. IBEX Ltd leverages its integrated technology and services platform to support customer interactions through traditional voice contact as well as digital channels like email, chat, and social media.
Over the past year, Resource Group International Ltd has sold a total of 93,801 shares and has not made any purchases. The insider transaction history for IBEX Ltd shows a total of 12 insider sells and no insider buys over the past year.
On the day of the recent transaction, shares of IBEX Ltd were trading at $20.05, giving the company a market cap of $337.576 million. The price-earnings ratio of IBEX Ltd stands at 10.92, which is lower than the industry median of 26.19 and also below the company’s historical median.
The stock is currently considered Fairly Valued with a price-to-GF Value ratio of 1.06, based on a GF Value of $18.92. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates provided by Morningstar analysts.
This sale by Resource Group International Ltd follows a trend of insider selling at IBEX Ltd, with no insider purchases recorded over the past year.
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