20,000 Shares in IBEX Limited $IBEX Bought by North Star Investment Management Corp.

North Star Investment Management Corp. bought a new stake in shares of IBEX Limited (NASDAQ:IBEX) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 20,000 shares of the company’s stock, valued at approximately $536,000.

Other hedge funds have also bought and sold shares of the company. Marshall Wace LLP bought a new position in IBEX in the 3rd quarter worth $7,685,000. AQR Capital Management LLC raised its holdings in IBEX by 312.6% during the first quarter. AQR Capital Management LLC now owns 139,902 shares of the company’s stock valued at $3,407,000 after acquiring an additional 105,997 shares during the period. JPMorgan Chase & Co. raised its holdings in IBEX by 37.9% during the third quarter. JPMorgan Chase & Co. now owns 347,583 shares of the company’s stock valued at $14,084,000 after acquiring an additional 95,595 shares during the period. Invesco Ltd. lifted its position in shares of IBEX by 200.2% in the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock valued at $3,627,000 after acquiring an additional 59,694 shares in the last quarter. Finally, Squarepoint Ops LLC lifted its position in shares of IBEX by 694.7% in the third quarter. Squarepoint Ops LLC now owns 66,573 shares of the company’s stock valued at $2,698,000 after acquiring an additional 58,196 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of IBEX in a research note on Monday, May 4th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.00.

IBEX Stock Up 0.8%

Shares of IBEX stock opened at $30.37 on Wednesday. The stock has a market cap of $406.65 million, a P/E ratio of 9.49 and a beta of 0.69. IBEX Limited has a 52 week low of $25.94 and a 52 week high of $42.99. The company’s fifty day simple moving average is $30.28 and its two-hundred day simple moving average is $31.93.

IBEX (NASDAQ:IBEX) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The firm had revenue of $164.41 million during the quarter, compared to analyst estimates of $157.00 million.

Insider Activity at IBEX

In other IBEX news, insider Julie K. Casteel sold 3,600 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $30.61, for a total transaction of $110,196.00. Following the completion of the transaction, the insider owned 117,594 shares in the company, valued at $3,599,552.34. This trade represents a 2.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Taylor C. Greenwald sold 964 shares of IBEX stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $32.02, for a total value of $30,867.28. Following the completion of the sale, the chief financial officer directly owned 62,230 shares in the company, valued at approximately $1,992,604.60. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,783 shares of company stock valued at $989,126 in the last 90 days. 3.40% of the stock is currently owned by insiders.

IBEX Profile

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.