Tieton Capital Management LLC Takes $15.95 Million Position in Climb Global Solutions, Inc. $CLMB

Key Points

• Tieton Capital Management acquired 687,131 shares of Climb Global Solutions in the second quarter, worth approximately $15.95 million. The stake represents 3.68% of CLMB and 4.6% of Tieton’s portfolio.
• Institutional ownership remains significant at 49.72%, with several hedge funds and investment firms initiating or expanding positions in the company.
• Analysts maintain a generally positive view, with CLMB carrying a consensus “Moderate Buy” rating and a $31 price target. The company recently reported quarterly EPS of $0.30 and revenue of $174.21 million, both essentially in line with expectations.

Tieton Capital Management LLC acquired a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 687,131 shares of the company's stock, valued at approximately $15,948,000. Climb Global Solutions comprises about 4.6% of Tieton Capital Management LLC's investment portfolio, making the stock its 5th biggest position. Tieton Capital Management LLC owned about 3.68% of Climb Global Solutions as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CLMB. Global Retirement Partners LLC acquired a new stake in shares of Climb Global Solutions during the second quarter worth about $32,000. Bard Associates Inc. acquired a new stake in Climb Global Solutions during the fourth quarter worth about $55,000. Tower Research Capital LLC TRC grew its stake in shares of Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company's stock worth $59,000 after purchasing an additional 422 shares during the period. Peterson Wealth Services increased its holdings in Climb Global Solutions by 3,267.0% in the first quarter. Peterson Wealth Services now owns 3,569 shares of the company's stock valued at $71,000 after buying an additional 3,463 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Climb Global Solutions in the 2nd quarter valued at about $97,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Analyst Upgrades and Downgrades

CLMB has been the topic of a number of research reports. Weiss Ratings upgraded Climb Global Solutions from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday. Wall Street Zen upgraded Climb Global Solutions from a "sell" rating to a "hold" rating in a report on Saturday, August 1st. Finally, Barrington Research reiterated an "outperform" rating and set a $30.00 price target on shares of Climb Global Solutions in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.00.

Climb Global Solutions Trading Up 0.0%

Shares of NASDAQ CLMB opened at $28.36 on Thursday. The stock has a market capitalization of $529.20 million, a PE ratio of 25.43, a PEG ratio of 1.79 and a beta of 1.07. Climb Global Solutions, Inc. has a twelve month low of $15.24 and a twelve month high of $36.26. The stock has a fifty day simple moving average of $25.33 and a 200-day simple moving average of $23.64.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The company had revenue of $174.21 million during the quarter, compared to analysts' expectations of $174.07 million. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. On average, equities analysts predict that Climb Global Solutions, Inc. will post 1.32 earnings per share for the current year.

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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