Tieton Capital Management LLC Has $6.77 Million Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Tieton Capital Management LLC grew its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,404 shares of the company's stock after buying an additional 30,248 shares during the quarter. Climb Global Solutions makes up about 3.9% of Tieton Capital Management LLC's investment portfolio, making the stock its 9th largest holding. Tieton Capital Management LLC owned approximately 2.69% of Climb Global Solutions worth $6,766,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ballast Asset Management LP bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth about $2,753,000. Cove Street Capital LLC grew its holdings in Climb Global Solutions by 34.0% during the third quarter. Cove Street Capital LLC now owns 199,102 shares of the company's stock valued at $8,810,000 after purchasing an additional 50,499 shares during the last quarter. Foundry Partners LLC acquired a new position in Climb Global Solutions during the third quarter valued at approximately $1,572,000. Significant Wealth Partners LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $1,148,000. Finally, Herald Investment Management Ltd grew its stake in Climb Global Solutions by 77.9% in the 3rd quarter. Herald Investment Management Ltd now owns 35,000 shares of the company's stock valued at $1,505,000 after buying an additional 15,331 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Stock Performance

CLMB traded down $0.55 during midday trading on Tuesday, reaching $54.87. The company's stock had a trading volume of 4,072 shares, compared to its average volume of 11,171. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. The company has a fifty day simple moving average of $64.72 and a 200 day simple moving average of $58.28. The stock has a market cap of $251.85 million, a P/E ratio of 21.27, a PEG ratio of 1.91 and a beta of 0.98. Climb Global Solutions, Inc. has a twelve month low of $37.67 and a twelve month high of $73.25.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.15). Climb Global Solutions had a return on equity of 18.93% and a net margin of 3.26%. The company had revenue of $92.42 million during the quarter, compared to analyst estimates of $105.44 million. During the same quarter in the previous year, the business posted $0.74 EPS. Research analysts expect that Climb Global Solutions, Inc. will post 2.92 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Shareholders of record on Monday, May 13th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%. Climb Global Solutions's dividend payout ratio is currently 26.36%.

Insider Transactions at Climb Global Solutions

In other Climb Global Solutions news, CMO Charles Edward Bass sold 500 shares of Climb Global Solutions stock in a transaction on Monday, March 11th. The shares were sold at an average price of $65.05, for a total transaction of $32,525.00. Following the sale, the chief marketing officer now owns 37,097 shares in the company, valued at $2,413,159.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Dale Richard Foster sold 3,500 shares of the business's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $65.49, for a total value of $229,215.00. Following the sale, the chief executive officer now owns 102,092 shares of the company's stock, valued at approximately $6,686,005.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Charles Edward Bass sold 500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $65.05, for a total value of $32,525.00. Following the transaction, the chief marketing officer now owns 37,097 shares of the company's stock, valued at $2,413,159.85. The disclosure for this sale can be found here. 9.70% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Barrington Research decreased their price target on shares of Climb Global Solutions from $76.00 to $68.00 and set an "outperform" rating for the company in a report on Monday, May 6th.

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.