North Star Investment Management Corp. Purchases New Position in IBEX Limited $IBEX

North Star Investment Management Corp. acquired a new position in IBEX Limited (NASDAQ:IBEX) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 20,000 shares of the company’s stock, valued at approximately $536,000. North Star Investment Management Corp. owned about 0.15% of IBEX as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of IBEX by 3.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 16,358 shares of the company’s stock worth $439,000 after purchasing an additional 495 shares in the last quarter. Evolve Private Wealth LLC lifted its holdings in shares of IBEX by 5.7% during the first quarter. Evolve Private Wealth LLC now owns 10,280 shares of the company’s stock valued at $276,000 after purchasing an additional 555 shares in the last quarter. Hsbc Holdings PLC boosted its position in shares of IBEX by 31.4% during the fourth quarter. Hsbc Holdings PLC now owns 32,935 shares of the company’s stock valued at $1,265,000 after buying an additional 7,870 shares during the last quarter. Invesco Ltd. raised its position in IBEX by 13.9% in the 4th quarter. Invesco Ltd. now owns 101,961 shares of the company’s stock worth $3,893,000 after buying an additional 12,452 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new position in IBEX in the 4th quarter worth about $337,000. 81.24% of the stock is owned by institutional investors.

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 investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.00.

Insider Buying and Selling

In other IBEX news, Director Patrick Mcginnis sold 1,030 shares of the firm’s stock in a transaction dated Thursday, May 28th. The stock was 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 of the company’s stock, valued at approximately $184,847.77. This trade represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bruce Neil Dawson sold 15,260 shares of the company’s 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 directly owned 61,895 shares of the company’s stock, valued at $1,926,172.40. The trade was a 19.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 31,783 shares of company stock valued at $989,126 in the last 90 days. Insiders own 3.40% of the company’s stock.

IBEX Trading Up 0.8%

Shares of IBEX opened at $30.37 on Wednesday. The firm has a fifty day simple moving average of $30.28 and a two-hundred day simple moving average of $31.93. The firm has a market cap of $406.65 million, a PE ratio of 9.49 and a beta of 0.69. IBEX Limited has a 1-year low of $25.94 and a 1-year high of $42.99.

IBEX (NASDAQ:IBEX) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.91 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $157.00 million.

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.