First Trust Advisors LP Increases Stake in Climb Global Solutions, Inc. $CLMB

First Trust Advisors LP lifted its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 302.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,726 shares of the company’s stock after acquiring an additional 44,124 shares during the period. First Trust Advisors LP’s holdings in Climb Global Solutions were worth $1,164,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the business. Wasatch Advisors LP grew its stake in shares of Climb Global Solutions by 116.1% in the first quarter. Wasatch Advisors LP now owns 607,680 shares of the company’s stock worth $12,044,000 after acquiring an additional 326,520 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Climb Global Solutions by 315.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 423,197 shares of the company’s stock worth $8,387,000 after purchasing an additional 321,215 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Climb Global Solutions by 660.3% in the 1st quarter. Isthmus Partners LLC now owns 134,054 shares of the company’s stock worth $2,657,000 after purchasing an additional 116,423 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Climb Global Solutions by 303.3% in the 1st quarter. Bank of New York Mellon Corp now owns 120,965 shares of the company’s stock worth $2,398,000 after purchasing an additional 90,970 shares during the period. Finally, AltraVue Capital LLC lifted its position in Climb Global Solutions by 85.3% during the fourth quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock valued at $19,515,000 after purchasing an additional 87,380 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CLMB has been the topic of a number of analyst reports. Wall Street Zen raised Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings reissued a “hold (c)” rating on shares of Climb Global Solutions in a report on Monday, August 3rd. Finally, Barrington Research reiterated an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research report on Tuesday, May 5th. One 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $31.00.

Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB opened at $27.81 on Monday. The stock has a market cap of $518.96 million, a P/E ratio of 24.94, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07. Climb Global Solutions, Inc. has a 52-week low of $15.24 and a 52-week high of $36.26. The business’s 50 day moving average is $24.53 and its 200 day moving average is $23.75.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. On average, sell-side analysts anticipate that Climb Global Solutions, Inc. will post 1.32 EPS for the current fiscal year.

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.