Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Acquired by Cove Street Capital LLC

Cove Street Capital LLC raised its stake in Climb Global Solutions, Inc. (NASDAQ:CLMBFree Report) by 34.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 199,102 shares of the company’s stock after acquiring an additional 50,499 shares during the quarter. Climb Global Solutions makes up 3.0% of Cove Street Capital LLC’s portfolio, making the stock its 11th biggest holding. Cove Street Capital LLC owned approximately 4.35% of Climb Global Solutions worth $8,810,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Citigroup Inc. purchased a new stake in shares of Climb Global Solutions during the 1st quarter worth about $425,000. FMR LLC acquired a new stake in shares of Climb Global Solutions during the 1st quarter valued at approximately $18,478,000. Acadian Asset Management LLC acquired a new stake in shares of Climb Global Solutions during the 1st quarter valued at approximately $41,000. Dimensional Fund Advisors LP bought a new position in Climb Global Solutions during the 1st quarter worth $8,373,000. Finally, UBS Group AG bought a new position in Climb Global Solutions during the 1st quarter worth $85,000. 43.20% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Stock Performance

Shares of NASDAQ:CLMB traded up $1.18 on Monday, hitting $59.24. The company’s stock had a trading volume of 19,179 shares, compared to its average volume of 8,741. Climb Global Solutions, Inc. has a 12 month low of $37.25 and a 12 month high of $61.97. The company has a market capitalization of $271.32 million, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.92. The stock’s 50-day moving average is $54.66 and its two-hundred day moving average is $47.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.18.

Insider Activity

In other news, VP Vito Legrottaglie sold 3,387 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $47.01, for a total transaction of $159,222.87. Following the completion of the sale, the vice president now directly owns 54,269 shares of the company’s stock, valued at $2,551,185.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 9.70% of the stock is currently owned by company insiders.

Climb Global Solutions Company Profile

(Free Report)

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 and hardware 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.

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Institutional Ownership by Quarter for Climb Global Solutions (NASDAQ:CLMB)

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