Cove Street Capital LLC raised its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB – Free 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.
Climb Global Solutions Company 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 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.
- Five stocks we like better than Climb Global Solutions
- How to Invest in Blue Chip Stocks
- 3 attractive stocks that insiders are buying
- 5 Top Rated Dividend Stocks to Consider
- Alpha and Omega Semiconductor ready to bounce, DOJ cloud lifts
- How to Invest in Virtual Reality
- Wendy’s vs Shake Shack: Out with the new, in with the old?
Receive News & Ratings for Climb Global Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Climb Global Solutions and related companies with MarketBeat.com's FREE daily email newsletter.