IBEX Limited (NASDAQ:IBEX) Short Interest Up 54.1% in February

IBEX Limited (NASDAQ:IBEX) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 160,642 shares, a growth of 54.1% from the January 29th total of 104,263 shares. Based on an average daily trading volume, of 236,144 shares, the short-interest ratio is presently 0.7 days. Currently, 1.2% of the shares of the company are sold short. Currently, 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 236,144 shares, the short-interest ratio is presently 0.7 days.

IBEX Trading Down 0.9%

NASDAQ IBEX opened at $28.90 on Friday. IBEX has a twelve month low of $21.64 and a twelve month high of $42.99. The stock has a 50-day moving average of $35.26 and a 200 day moving average of $35.46. The stock has a market capitalization of $387.55 million, a price-to-earnings ratio of 9.51 and a beta of 0.64.

IBEX (NASDAQ:IBEX) last announced its earnings results on Thursday, February 5th. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. IBEX had a return on equity of 31.70% and a net margin of 7.35%.The business had revenue of $164.22 million during the quarter, compared to the consensus estimate of $155.48 million.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings downgraded shares of IBEX from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, February 5th. Royal Bank Of Canada upped their price objective on shares of IBEX from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Monday, November 10th. Finally, Wall Street Zen upgraded shares of IBEX from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 21st. Three investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, IBEX has an average rating of “Hold” and a consensus price target of $35.00.

Insider Activity

In other IBEX news, CEO Robert Thomas Dechant sold 6,000 shares of the business’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $28.46, for a total transaction of $170,760.00. Following the sale, the chief executive officer owned 275,406 shares in the company, valued at approximately $7,838,054.76. The trade was a 2.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael Joseph Darwal sold 1,660 shares of the stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $34.98, for a total value of $58,066.80. Following the completion of the transaction, the insider directly owned 42,185 shares in the company, valued at $1,475,631.30. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 16,287 shares of company stock valued at $498,499 over the last ninety days. 3.40% of the stock is currently owned by insiders.

Institutional Trading of IBEX

Institutional investors and hedge funds have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its stake in IBEX by 8.0% during the second quarter. Acadian Asset Management LLC now owns 444,377 shares of the company’s stock worth $12,924,000 after buying an additional 32,911 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in shares of IBEX by 24.6% in the 2nd quarter. Los Angeles Capital Management LLC now owns 36,104 shares of the company’s stock worth $1,051,000 after acquiring an additional 7,125 shares during the last quarter. LSV Asset Management raised its holdings in shares of IBEX by 52.7% during the 2nd quarter. LSV Asset Management now owns 22,900 shares of the company’s stock worth $666,000 after acquiring an additional 7,900 shares during the period. Grantham Mayo Van Otterloo & Co. LLC boosted its position in shares of IBEX by 9.9% during the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 15,996 shares of the company’s stock valued at $465,000 after acquiring an additional 1,438 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in shares of IBEX by 117.9% in the second quarter. Panagora Asset Management Inc. now owns 63,948 shares of the company’s stock valued at $1,861,000 after purchasing an additional 34,606 shares during the period. Hedge funds and other institutional investors own 81.24% 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.