Sanctuary Advisors LLC Lowers Position in IBEX Limited $IBEX

Sanctuary Advisors LLC trimmed its position in shares of IBEX Limited (NASDAQ:IBEX) by 37.2% during the first quarter, HoldingsChannel reports. The fund owned 26,422 shares of the company’s stock after selling 15,623 shares during the quarter. Sanctuary Advisors LLC’s holdings in IBEX were worth $709,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Brendel Financial Advisors LLC lifted its position in IBEX by 3.3% in the fourth quarter. Brendel Financial Advisors LLC now owns 9,600 shares of the company’s stock valued at $367,000 after purchasing an additional 307 shares during the period. Baron Wealth Management LLC increased its position in IBEX by 6.1% during the 4th quarter. Baron Wealth Management LLC now owns 5,460 shares of the company’s stock worth $208,000 after purchasing an additional 312 shares during the period. SG Americas Securities LLC raised its stake in shares of IBEX by 5.7% during the 4th quarter. SG Americas Securities LLC now owns 7,488 shares of the company’s stock worth $286,000 after buying an additional 401 shares in the last quarter. Ieq Capital LLC raised its stake in shares of IBEX by 3.8% during the 4th quarter. Ieq Capital LLC now owns 11,772 shares of the company’s stock worth $449,000 after buying an additional 429 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of IBEX by 8.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,466 shares of the company’s stock valued at $159,000 after buying an additional 434 shares during the period. 81.24% of the stock is owned by hedge funds and other institutional investors.

IBEX Price Performance

Shares of IBEX opened at $33.46 on Monday. The company has a 50-day simple moving average of $31.76 and a 200-day simple moving average of $31.35. The company has a market capitalization of $448.03 million, a PE ratio of 10.46 and a beta of 0.71. 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 data on Thursday, May 7th. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $164.41 million during the quarter, compared to analysts’ expectations of $157.00 million. IBEX had a net margin of 7.53% and a return on equity of 31.50%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other news, insider Bruce Neil Dawson sold 15,260 shares of IBEX stock in a transaction that occurred on Tuesday, May 12th. The shares were sold at an average price of $31.12, for a total transaction of $474,891.20. Following the completion of the sale, the insider directly owned 61,895 shares in the company, valued at approximately $1,926,172.40. This trade represents a 19.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Thomas Dechant sold 7,800 shares of IBEX stock in a transaction that occurred on Wednesday, May 13th. The shares were 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. The trade was a 2.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 31,783 shares of company stock valued at $989,126 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

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.