Conestoga Capital Advisors LLC Has $1.43 Million Stake in Climb Global Solutions, Inc. $CLMB

Conestoga Capital Advisors LLC raised its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 449.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,350 shares of the company’s stock after acquiring an additional 59,185 shares during the period. Conestoga Capital Advisors LLC’s holdings in Climb Global Solutions were worth $1,434,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLMB. Tieton Capital Management LLC lifted its position in shares of Climb Global Solutions by 83.9% during the 4th quarter. Tieton Capital Management LLC now owns 111,984 shares of the company’s stock worth $11,511,000 after purchasing an additional 51,088 shares during the last quarter. AltraVue Capital LLC grew its holdings in Climb Global Solutions by 85.3% in the 4th quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock valued at $19,515,000 after buying an additional 87,380 shares during the last quarter. Wasatch Advisors LP grew its holdings in Climb Global Solutions by 116.1% in the 1st quarter. Wasatch Advisors LP now owns 607,680 shares of the company’s stock valued at $12,044,000 after buying an additional 326,520 shares during the last quarter. Cove Street Capital LLC lifted its holdings in shares of Climb Global Solutions by 20.7% during the third quarter. Cove Street Capital LLC now owns 18,865 shares of the company’s stock worth $2,544,000 after buying an additional 3,241 shares during the last quarter. Finally, Invesco Ltd. boosted its position in shares of Climb Global Solutions by 2,446.4% in the third quarter. Invesco Ltd. now owns 65,263 shares of the company’s stock valued at $8,800,000 after acquiring an additional 62,700 shares during the period. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Stock Up 5.9%

NASDAQ:CLMB opened at $24.57 on Thursday. Climb Global Solutions, Inc. has a 12-month low of $15.24 and a 12-month high of $36.26. The firm has a market capitalization of $457.00 million, a PE ratio of 21.55, a price-to-earnings-growth ratio of 1.47 and a beta of 1.09. The firm has a 50-day moving average price of $21.54 and a 200 day moving average price of $24.10.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The company had revenue of $182.38 million for the quarter, compared to analyst estimates of $151.33 million. On average, research analysts expect that Climb Global Solutions, Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling

In related news, Director John R. Mccarthy acquired 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was purchased at an average cost of $18.83 per share, for a total transaction of $75,320.00. Following the completion of the purchase, the director directly owned 85,876 shares of the company’s stock, valued at $1,617,045.08. The trade was a 4.89% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.80% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CLMB. Weiss Ratings downgraded shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Northland Securities assumed coverage on shares of Climb Global Solutions in a research note on Monday, March 23rd. They set an “outperform” rating and a $32.00 target price for the company. Northcoast Research raised shares of Climb Global Solutions to a “strong-buy” rating in a report on Monday, March 23rd. Wall Street Zen lowered shares of Climb Global Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Barrington Research restated an “outperform” rating and set a $30.00 price objective on shares of Climb Global Solutions in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Climb Global Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $31.00.

About Climb Global Solutions

Climb Global Solutions Inc operates as a value-added information technology (IT) distribution and solutions company in the United States, Canada, Europe, the United Kingdom, and internationally. It operates in two segments, Distribution and Solutions. The company distributes technical software to corporate and value-added resellers, consultants, and systems integrators under the name Climb Channel Solutions; and provides cloud solutions and resells software, hardware, and services under the name Grey Matter.