Tieton Capital Management LLC Makes New $15.95 Million Investment in Climb Global Solutions, Inc. $CLMB

Tieton Capital Management LLC acquired a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 2nd quarter, according to the company in its most recent filing 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 accounts for 4.6% of Tieton Capital Management LLC’s holdings, making the stock its 5th biggest holding.

A number of other large investors have also recently made changes to their positions in CLMB. BlackRock Inc. acquired a new stake in Climb Global Solutions in the second quarter valued at approximately $30,777,000. Deutsche Bank AG acquired a new position in Climb Global Solutions during the 2nd quarter worth approximately $386,000. Flputnam Investment Management Co. purchased a new stake in shares of Climb Global Solutions in the 2nd quarter valued at approximately $481,000. Global Retirement Partners LLC acquired a new stake in shares of Climb Global Solutions in the 2nd quarter valued at $32,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Climb Global Solutions in the 2nd quarter valued at $2,936,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Climb Global Solutions Stock Performance

CLMB opened at $28.36 on Thursday. Climb Global Solutions, Inc. has a one year low of $15.24 and a one year high of $36.26. The stock has a market capitalization of $529.20 million, a P/E ratio of 25.43, a price-to-earnings-growth ratio of 1.79 and a beta of 1.07. The business’s 50-day simple moving average is $25.33 and its 200-day simple moving average is $23.64.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. The firm had revenue of $174.21 million for the quarter, compared to the consensus estimate 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 research analysts forecast that Climb Global Solutions, Inc. will post 1.32 EPS for the current fiscal year.

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.