Tieton Capital Management LLC Makes New Investment in IBEX Limited $IBEX

Tieton Capital Management LLC purchased a new stake in IBEX Limited (NASDAQ:IBEX) in the 2nd quarter, HoldingsChannel.com reports. The firm purchased 275,035 shares of the company’s stock, valued at approximately $8,353,000. IBEX accounts for approximately 2.4% of Tieton Capital Management LLC’s holdings, making the stock its 20th biggest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Amundi bought a new position in IBEX in the 1st quarter worth about $74,000. AQR Capital Management LLC increased its position in shares of 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 buying an additional 105,997 shares during the period. Jane Street Group LLC purchased a new stake in shares of IBEX in the first quarter worth about $756,000. Geode Capital Management LLC boosted its position in shares of IBEX by 12.3% in the second quarter. Geode Capital Management LLC now owns 127,735 shares of the company’s stock valued at $3,717,000 after acquiring an additional 13,941 shares during the period. Finally, Rhumbline Advisers boosted its position in shares of IBEX by 11.4% in the second quarter. Rhumbline Advisers now owns 14,320 shares of the company’s stock valued at $417,000 after acquiring an additional 1,466 shares during the period. 81.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Patrick Mcginnis sold 1,030 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $31.69, for a total value of $32,640.70. Following the transaction, the director directly owned 5,833 shares in the company, valued at approximately $184,847.77. This represents a 15.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Taylor C. Greenwald sold 964 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total transaction of $30,867.28. Following the completion of the sale, the chief financial officer directly owned 62,230 shares in the company, valued at $1,992,604.60. This represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 5,594 shares of company stock worth $173,704. Insiders own 3.40% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of IBEX in a report on Friday, July 31st. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.00.

IBEX Stock Up 0.9%

NASDAQ:IBEX opened at $35.77 on Thursday. The stock has a market cap of $478.96 million, a P/E ratio of 11.18 and a beta of 0.69. The business’s 50-day moving average price is $33.47 and its two-hundred day moving average price is $31.10. IBEX Limited has a twelve month low of $25.94 and a twelve month high of $42.99.

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.