On September 17, 2024, Resource Group International Ltd, a Director and 10% Owner at IBEX Ltd (IBEX, Financial), sold 29,657 shares of the company. Following this transaction, the insider now owns 5,439,258 shares of IBEX Ltd. Details of the sale can be found in the SEC Filing.
IBEX Ltd operates as a global provider of business process outsourcing and customer engagement technology solutions. The company helps clients improve their customer interaction, implement digital transformation, and harness the power of data analytics.
Over the past year, Resource Group International Ltd has engaged in several transactions involving IBEX Ltd shares, selling a total of 29,657 shares and purchasing none. This recent sale is part of a broader trend observed over the past year, where there have been no insider buys and nine insider sells at IBEX Ltd.
Shares of IBEX Ltd were priced at $19.94 on the day of the sale. The company's market cap is currently $330.855 million. The price-earnings ratio of IBEX Ltd stands at 10.72, which is lower than the industry median of 25.9 and also below the historical median for the company.
The GF Value of IBEX Ltd is $18.90, suggesting that the stock is Fairly Valued with a price-to-GF-Value ratio of 1.06. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation metrics. With the stock being fairly valued according to the GF Value, potential investors should consider these insider transactions and valuation metrics in their investment decisions.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
