Globeflex Capital L P Sells 105,310 Shares of IBEX Limited $IBEX

Globeflex Capital L P trimmed its position in IBEX Limited (NASDAQ:IBEX) by 50.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,475 shares of the company’s stock after selling 105,310 shares during the quarter. Globeflex Capital L P’s holdings in IBEX were worth $2,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in IBEX during the 3rd quarter valued at $7,685,000. AQR Capital Management LLC increased its position in shares of IBEX by 312.6% in 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. increased its position in shares of IBEX by 37.9% in 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. increased 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 during the period. Finally, Squarepoint Ops LLC raised its stake in shares of IBEX by 694.7% during 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 during the last quarter. 81.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Bruce Neil Dawson sold 15,260 shares of IBEX stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $31.12, for a total transaction of $474,891.20. Following the sale, the insider owned 61,895 shares of the company’s stock, valued at approximately $1,926,172.40. The trade was a 19.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert Thomas Dechant sold 7,800 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 285,606 shares of the company’s stock, valued at approximately $8,710,983. The trade was a 2.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 31,783 shares of company stock worth $989,126. Company insiders own 3.40% of the company’s stock.

IBEX Stock Performance

IBEX opened at $33.10 on Thursday. The stock has a market capitalization of $443.21 million, a PE ratio of 10.34 and a beta of 0.71. The stock’s 50 day moving average price is $31.66 and its 200-day moving average price is $31.41. IBEX Limited has a 52-week low of $25.94 and a 52-week high of $42.99.

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

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.00.

IBEX Company 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.