AltraVue Capital LLC Has $19.52 Million Stock Holdings in Climb Global Solutions, Inc. $CLMB

Key Points

• AltraVue Capital boosted its stake in Climb Global Solutions by 85.3% in the fourth quarter, ending with 189,851 shares worth about $19.5 million. The position now represents roughly 4.12% of the company and is AltraVue’s 22nd-largest holding.
• Climb Global Solutions shares were up 4.1% to $23.82, after trading between a 1-year low of $15.24 and a high of $36.26. The company has a market cap of about $443 million.
• The company recently missed EPS expectations in its latest quarterly report, but revenue came in above analyst estimates. Insider activity was mixed, with the CEO selling shares in March while a director bought shares in May.

AltraVue Capital LLC increased its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 85.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,851 shares of the company's stock after buying an additional 87,380 shares during the period. Climb Global Solutions accounts for approximately 1.6% of AltraVue Capital LLC's investment portfolio, making the stock its 22nd biggest holding. AltraVue Capital LLC owned about 4.12% of Climb Global Solutions worth $19,515,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Wasatch Advisors LP lifted its position in Climb Global Solutions by 29.5% in the 2nd quarter. Wasatch Advisors LP now owns 281,131 shares of the company's stock valued at $30,056,000 after acquiring an additional 63,975 shares in the last quarter. Invesco Ltd. lifted its position in Climb Global Solutions by 2,446.4% in the 3rd 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 in the last quarter. Tieton Capital Management LLC lifted its position in Climb Global Solutions by 83.9% in the 4th quarter. Tieton Capital Management LLC now owns 111,984 shares of the company's stock valued at $11,511,000 after acquiring an additional 51,088 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Climb Global Solutions by 41.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 145,416 shares of the company's stock valued at $14,947,000 after acquiring an additional 42,938 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in Climb Global Solutions by 454.5% in the 3rd quarter. Rhumbline Advisers now owns 33,311 shares of the company's stock valued at $4,492,000 after acquiring an additional 27,304 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Trading Up 4.1%

Climb Global Solutions stock opened at $23.82 on Friday. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26. The firm has a market capitalization of $443.05 million, a price-to-earnings ratio of 20.89, a P/E/G ratio of 1.50 and a beta of 1.09. The firm has a 50 day simple moving average of $20.98 and a 200 day simple moving average of $24.54.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) 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). The business had revenue of $182.38 million during the quarter, compared to analysts' expectations of $151.33 million. Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. On average, equities research analysts forecast that Climb Global Solutions, Inc. will post 1.32 EPS for the current year.

Insider Buying and Selling at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 34,000 shares of the company's stock in a transaction on Monday, March 16th. The shares were sold at an average price of $20.13, for a total value of $684,250.00. Following the completion of the transaction, the chief executive officer directly owned 294,760 shares in the company, valued at approximately $5,932,045. The trade was a 10.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John R. Mccarthy acquired 4,000 shares of the stock in a transaction dated Monday, May 4th. The shares were purchased at an average cost of $18.83 per share, with a total value of $75,320.00. Following the completion of the purchase, the director owned 85,876 shares of the company's stock, valued at approximately $1,617,045.08. The trade was a 4.89% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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

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