Sanctuary Advisors LLC Decreases Stock Position in IBEX Limited $IBEX

Sanctuary Advisors LLC trimmed its stake in shares of IBEX Limited (NASDAQ:IBEX) by 37.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,422 shares of the company’s stock after selling 15,623 shares during the quarter. Sanctuary Advisors LLC owned 0.20% of IBEX worth $709,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Marshall Wace LLP purchased a new position in shares of IBEX in the 3rd quarter valued at about $7,685,000. AQR Capital Management LLC increased its stake 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 worth $3,407,000 after buying an additional 105,997 shares during the period. Invesco Ltd. increased its stake in shares of IBEX by 200.2% during the third quarter. Invesco Ltd. now owns 89,509 shares of the company’s stock worth $3,627,000 after buying an additional 59,694 shares during the period. Squarepoint Ops LLC raised its holdings in 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. Finally, Bank of America Corp DE lifted its stake in IBEX by 458.2% in the second quarter. Bank of America Corp DE now owns 65,252 shares of the company’s stock worth $1,899,000 after acquiring an additional 53,562 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

IBEX Price Performance

Shares of IBEX opened at $33.46 on Monday. The stock has a 50 day moving average price of $31.76 and a 200 day moving average price of $31.35. The company has a market capitalization of $448.03 million, a price-to-earnings ratio of 10.46 and a beta of 0.71. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. IBEX had a return on equity of 31.50% and a net margin of 7.53%.The company had revenue of $164.41 million for the quarter, compared to analyst estimates of $157.00 million.

Wall Street Analyst Weigh In

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

Insider Activity

In other IBEX news, CEO Robert Thomas Dechant sold 7,800 shares of the stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $30.50, for a total transaction of $237,900.00. Following the completion of the sale, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. This trade represents a 2.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Taylor C. Greenwald sold 964 shares of IBEX stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $32.02, for a total value of $30,867.28. Following the completion of the transaction, the chief financial officer owned 62,230 shares in the company, valued at $1,992,604.60. This trade represents a 1.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 31,783 shares of company stock worth $989,126 over the last quarter. 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.