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

Tieton Capital Management LLC acquired a new position in shares of IBEX Limited (NASDAQ:IBEX) 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.