Watershed Asset Management L.L.C. bought a new position in shares of IBEX Limited (NASDAQ:IBEX – Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,877 shares of the company’s stock, valued at approximately $453,000. Watershed Asset Management L.L.C. owned about 0.13% of IBEX at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IBEX. Advisory Services Network LLC acquired a new stake in IBEX during the 3rd quarter worth about $46,000. Amundi purchased a new position in shares of IBEX during the 1st quarter valued at about $74,000. Empowered Funds LLC acquired a new position in shares of IBEX in the 4th quarter valued at about $84,000. Clearstead Advisors LLC lifted its holdings in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after buying an additional 1,618 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of IBEX by 418.7% in the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after buying an additional 2,194 shares during the last quarter. 81.24% of the stock is currently owned by institutional investors and hedge funds.
IBEX Stock Down 0.2%
IBEX opened at $35.39 on Friday. The company has a market cap of $473.87 million, a PE ratio of 11.06 and a beta of 0.71. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99. The company has a 50-day moving average price of $31.48 and a 200 day moving average price of $31.54.
Analyst Ratings Changes
Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a report on Monday, May 4th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, IBEX currently has a consensus rating of “Hold” and a consensus target price of $40.00.
Get Our Latest Stock Analysis on IBEX
Insider Activity at IBEX
In other IBEX news, insider Bruce Neil Dawson sold 15,260 shares of the stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $31.12, for a total value of $474,891.20. Following the completion of the sale, the insider owned 61,895 shares in the company, valued at approximately $1,926,172.40. This represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Julie K. Casteel sold 3,600 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $30.61, for a total value of $110,196.00. Following the completion of the sale, the insider owned 117,594 shares of the company’s stock, valued at $3,599,552.34. This trade represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 31,783 shares of company stock worth $989,126 in the last 90 days. 3.40% of the stock is owned by insiders.
About IBEX
IBEX Holdings, Inc is a global business process outsourcing (BPO) company that specializes in customer experience solutions for a range of industries, including telecommunications, cable, technology, financial services and e-commerce. The company’s core offerings encompass multichannel customer support delivered via voice, email, chat, social media and digital self-service platforms. In addition to front-line contact center services, IBEX provides back-office processing, order management, technical troubleshooting and analytics-driven insights to help clients optimize operational efficiency and customer satisfaction.
Beyond traditional contact center operations, IBEX has built a proprietary technology stack designed to integrate real-time data analytics, workforce management and quality assurance.
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