Climb Global Solutions, Inc. (NASDAQ:CLMB) is Tieton Capital Management LLC’s 6th Largest Position

Tieton Capital Management LLC lessened its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 33.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,000 shares of the company’s stock after selling 41,135 shares during the quarter. Climb Global Solutions comprises approximately 4.2% of Tieton Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Tieton Capital Management LLC’s holdings in Climb Global Solutions were worth $8,162,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth $38,000. SG Americas Securities LLC purchased a new position in Climb Global Solutions in the 3rd quarter worth $159,000. Lazard Asset Management LLC grew its stake in shares of Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after buying an additional 1,319 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares during the last quarter. Finally, Navellier & Associates Inc. purchased a new position in shares of Climb Global Solutions in the third quarter worth $322,000. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Performance

Climb Global Solutions stock opened at $139.88 on Friday. Climb Global Solutions, Inc. has a fifty-two week low of $46.81 and a fifty-two week high of $141.88. The stock has a market cap of $644.85 million, a price-to-earnings ratio of 37.91, a PEG ratio of 2.06 and a beta of 1.06. The stock’s 50 day simple moving average is $107.94 and its two-hundred day simple moving average is $82.02.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.49%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Analysts Set New Price Targets

Separately, Barrington Research boosted their price target on Climb Global Solutions from $90.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

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.