Watershed Asset Management L.L.C. Purchases Shares of 16,877 IBEX Limited $IBEX

Watershed Asset Management L.L.C. acquired a new position in IBEX Limited (NASDAQ:IBEX) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 16,877 shares of the company’s stock, valued at approximately $453,000.

A number of other hedge funds have also recently made changes to their positions in IBEX. Advisory Services Network LLC acquired a new stake in IBEX in the 3rd quarter valued at approximately $46,000. Amundi purchased a new position in shares of IBEX during the first quarter worth $74,000. Empowered Funds LLC acquired a new stake in shares of IBEX in the fourth quarter valued at $84,000. Clearstead Advisors LLC raised its holdings in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company’s stock valued at $101,000 after buying an additional 1,618 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in IBEX by 418.7% during the 4th quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company’s stock worth $103,000 after acquiring an additional 2,194 shares in the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.

Analyst Ratings Changes

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

IBEX Price Performance

IBEX stock opened at $35.39 on Friday. The business’s 50-day moving average is $31.48 and its two-hundred day moving average is $31.54. The firm has a market capitalization of $473.87 million, a P/E ratio of 11.06 and a beta of 0.71. IBEX Limited has a 1 year low of $25.94 and a 1 year high of $42.99.

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

Insider Activity

In other news, CEO Robert Thomas Dechant sold 7,800 shares of the firm’s 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 sale, the chief executive officer 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Taylor C. Greenwald sold 964 shares of the 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 transaction, the chief financial officer 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 31,783 shares of company stock valued at $989,126. Insiders own 3.40% of the company’s stock.

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.