AltraVue Capital LLC Boosts Stock Holdings in Climb Global Solutions, Inc. $CLMB

AltraVue Capital LLC grew its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 85.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 189,851 shares of the company’s stock after purchasing an additional 87,380 shares during the period. Climb Global Solutions comprises 1.6% of AltraVue Capital LLC’s investment portfolio, making the stock its 22nd largest position. AltraVue Capital LLC’s holdings in Climb Global Solutions were worth $19,515,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC purchased a new stake in shares of Climb Global Solutions during the fourth quarter valued at approximately $36,000. Tower Research Capital LLC TRC raised its stake in Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after buying an additional 422 shares during the last quarter. IFP Advisors Inc raised its stake in Climb Global Solutions by 18.2% during the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock valued at $90,000 after buying an additional 99 shares during the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Climb Global Solutions during the 4th quarter valued at $153,000. Finally, Inscription Capital LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at $240,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings lowered shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Northland Securities assumed coverage on shares of Climb Global Solutions in a research note on Monday, March 23rd. They set an “outperform” rating and a $32.00 target price for the company. Wall Street Zen lowered shares of Climb Global Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Northcoast Research upgraded shares of Climb Global Solutions to a “strong-buy” rating in a research note on Monday, March 23rd. Finally, Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Climb Global Solutions Price Performance

Shares of CLMB stock opened at $23.82 on Friday. The company has a market capitalization of $443.05 million, a price-to-earnings ratio of 20.89, a PEG ratio of 1.50 and a beta of 1.09. Climb Global Solutions, Inc. has a one year low of $15.24 and a one year high of $36.26. The company’s fifty day moving average price is $20.98 and its 200-day moving average price is $24.54.

Climb Global Solutions (NASDAQ:CLMB) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.04). The firm had revenue of $182.38 million for the quarter, compared to the consensus estimate of $151.33 million. Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. Equities research analysts expect that Climb Global Solutions, Inc. will post 1.32 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Climb Global Solutions news, CEO Dale Richard Foster sold 34,000 shares of Climb Global Solutions 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 of the company’s stock, valued at $5,932,045. This trade represents a 10.34% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John R. Mccarthy acquired 4,000 shares of the company’s stock in a transaction on Monday, May 4th. The stock was acquired 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 directly owned 85,876 shares in the company, valued at approximately $1,617,045.08. This represents a 4.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.80% of the company’s stock.

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.