Tieton Capital Management LLC Has $11.51 Million Holdings in Climb Global Solutions, Inc. $CLMB

Tieton Capital Management LLC grew its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 83.9% in the fourth quarter, Holdings Channel.com reports. The fund owned 111,984 shares of the company’s stock after buying an additional 51,088 shares during the period. Climb Global Solutions makes up approximately 3.9% of Tieton Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Tieton Capital Management LLC’s holdings in Climb Global Solutions were worth $11,511,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Arcadia Investment Management Corp MI bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $153,000. Geode Capital Management LLC increased its holdings in shares of Climb Global Solutions by 20.3% in the 4th quarter. Geode Capital Management LLC now owns 129,194 shares of the company’s stock valued at $13,283,000 after acquiring an additional 21,781 shares during the last quarter. Royce & Associates LP increased its holdings in shares of Climb Global Solutions by 5.2% in the 4th quarter. Royce & Associates LP now owns 74,460 shares of the company’s stock valued at $7,654,000 after acquiring an additional 3,709 shares during the last quarter. Legato Capital Management LLC increased its holdings in shares of Climb Global Solutions by 86.2% in the 4th quarter. Legato Capital Management LLC now owns 40,416 shares of the company’s stock valued at $4,154,000 after acquiring an additional 18,710 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $36,000. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $22.67 on Tuesday. Climb Global Solutions, Inc. has a 1 year low of $15.24 and a 1 year high of $36.26. The stock has a fifty day moving average of $20.76 and a two-hundred day moving average of $24.65. The firm has a market capitalization of $421.66 million, a PE ratio of 19.89, a price-to-earnings-growth ratio of 1.37 and a beta of 1.09.

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

Insiders Place Their Bets

In other Climb Global Solutions news, Director John R. Mccarthy purchased 4,000 shares of Climb Global Solutions stock in a transaction on Monday, May 4th. The stock was bought at an average price of $18.83 per share, for a total transaction of $75,320.00. Following the transaction, the director 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 filing with the SEC, which is accessible through this link. Also, CEO Dale Richard Foster sold 34,000 shares of the business’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $20.13, for a total value of $684,250.00. Following the transaction, the chief executive officer owned 294,760 shares of the company’s stock, valued at $5,932,045. This trade represents a 10.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

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

Climb Global Solutions Company Profile

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.