On October 1, 2024, Resource Group International Ltd, a Director and 10% Owner of IBEX Ltd (IBEX, Financial), sold 12,104 shares of the company. Following this transaction, the insider now owns 5,350,787 shares of IBEX Ltd. The sale was documented in a recent SEC Filing.
IBEX Ltd operates as a global provider of business process outsourcing and customer engagement technology solutions. The company helps other businesses improve their customer service, support, and other business processes.
Over the past year, Resource Group International Ltd has engaged in multiple transactions involving IBEX Ltd shares, selling a total of 118,128 shares and making no purchases. This pattern of sales aligns with the broader insider activity at the company, which has seen a total of 20 insider sales and no insider buys over the same period.
Shares of IBEX Ltd were priced at $20 on the day of the sale, giving the company a market cap of $332.199 million. The price-earnings ratio of IBEX Ltd stands at 10.74, which is lower than both the industry median of 26.885 and the company's historical median.
The current stock price relative to the GF Value of $18.94 suggests that IBEX Ltd is Fairly Valued, with a price-to-GF-Value ratio of 1.06. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates from analysts.
This insider sale might interest investors tracking ownership changes and evaluating the stock based on its current valuation metrics.
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.
