Climb Global Solutions, Inc. (NASDAQ:CLMB) is Tieton Capital Management LLC’s 7th Largest Position

Tieton Capital Management LLC lessened its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 123,135 shares of the company’s stock after selling 1,114 shares during the period. Climb Global Solutions accounts for approximately 4.3% of Tieton Capital Management LLC’s portfolio, making the stock its 7th largest position. Tieton Capital Management LLC owned approximately 2.69% of Climb Global Solutions worth $7,734,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CLMB. Lazard Asset Management LLC increased its holdings in shares of Climb Global Solutions by 82.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after acquiring an additional 1,319 shares during the period. Rhumbline Advisers increased its stake in Climb Global Solutions by 5.9% in the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after purchasing an additional 237 shares during the period. Acuitas Investments LLC boosted its stake in shares of Climb Global Solutions by 136.4% during the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock worth $327,000 after buying an additional 3,000 shares during the period. Quadrature Capital Ltd grew its holdings in shares of Climb Global Solutions by 27.8% during the first quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock worth $400,000 after buying an additional 1,228 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Climb Global Solutions by 51.1% in the 4th quarter. BNP Paribas Financial Markets now owns 8,061 shares of the company’s stock valued at $442,000 after acquiring an additional 2,725 shares during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $90.00 price objective on shares of Climb Global Solutions in a research report on Wednesday, August 21st.

Climb Global Solutions Trading Up 0.5 %

Shares of CLMB opened at $92.25 on Tuesday. The firm’s 50-day moving average is $78.81 and its two-hundred day moving average is $68.13. Climb Global Solutions, Inc. has a twelve month low of $40.42 and a twelve month high of $96.29. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $425.27 million, a P/E ratio of 35.76, a PEG ratio of 2.42 and a beta of 1.06.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.35. The firm had revenue of $92.08 million for the quarter, compared to analysts’ expectations of $97.27 million. Climb Global Solutions had a return on equity of 18.92% and a net margin of 3.73%. On average, research analysts predict that Climb Global Solutions, Inc. will post 3.28 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 16th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Friday, August 16th. Climb Global Solutions’s payout ratio is currently 26.36%.

Climb Global Solutions 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.