Tieton Capital Management LLC Acquires Shares of 275,035 IBEX Limited $IBEX

Key Points

• Tieton Capital Management acquired 275,035 IBEX shares worth approximately $8.35 million, giving it a 2.05% stake and making IBEX its 20th-largest holding. Institutional investors collectively own 81.24% of the company.
• IBEX shares opened at $35.77, up 0.9%, with a market capitalization of about $479 million. The stock has traded between $25.94 and $42.99 over the past year.
• Analysts maintain a consensus “Hold” rating with a $40 target price, while insiders have sold 5,594 shares worth approximately $173,704 over the past 90 days.

Tieton Capital Management LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 275,035 shares of the company's stock, valued at approximately $8,353,000. IBEX comprises about 2.4% of Tieton Capital Management LLC's portfolio, making the stock its 20th biggest holding. Tieton Capital Management LLC owned 2.05% of IBEX as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in IBEX. Advisory Services Network LLC purchased a new position in IBEX during the third quarter worth about $46,000. Amundi bought a new position in shares of IBEX during the 1st quarter worth approximately $74,000. Empowered Funds LLC bought a new position in shares of IBEX during the 4th quarter worth approximately $84,000. Clearstead Advisors LLC boosted its stake in shares of IBEX by 159.1% in the 4th quarter. Clearstead Advisors LLC now owns 2,635 shares of the company's stock worth $101,000 after buying an additional 1,618 shares during the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of IBEX by 418.7% in the fourth quarter. State of Alaska Department of Revenue now owns 2,718 shares of the company's stock valued at $103,000 after acquiring an additional 2,194 shares in the last quarter. 81.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a "hold (c+)" rating on shares of IBEX in a report on Friday, July 31st. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX has a consensus rating of "Hold" and a consensus target price of $40.00.

IBEX Stock Up 0.9%

Shares of IBEX stock opened at $35.77 on Thursday. The firm has a market cap of $478.96 million, a P/E ratio of 11.18 and a beta of 0.69. The company has a 50 day moving average of $33.47 and a 200-day moving average of $31.10. IBEX Limited has a 12-month low of $25.94 and a 12-month high of $42.99.

Insider Buying and Selling at IBEX

In related news, insider Julie K. Casteel sold 3,600 shares of the business's stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $30.61, for a total value of $110,196.00. Following the sale, the insider directly owned 117,594 shares in the company, valued at approximately $3,599,552.34. The trade was a 2.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Taylor C. Greenwald sold 964 shares of the company's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $32.02, for a total transaction of $30,867.28. Following the sale, the chief financial officer directly owned 62,230 shares in the company, valued at approximately $1,992,604.60. This trade represents a 1.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 5,594 shares of company stock valued at $173,704. Company insiders own 3.40% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source