Wasatch Advisors LP Has $16.05 Million Stock Position in Climb Global Solutions, Inc. $CLMB

Wasatch Advisors LP raised its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 13.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 691,360 shares of the company’s stock after acquiring an additional 83,680 shares during the quarter. Wasatch Advisors LP’s holdings in Climb Global Solutions were worth $16,046,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Tidal Investments LLC grew its holdings in shares of Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock valued at $258,000 after purchasing an additional 108 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Climb Global Solutions by 0.9% in the second quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock valued at $1,356,000 after buying an additional 114 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Climb Global Solutions by 4.3% during the third quarter. Franklin Resources Inc. now owns 2,989 shares of the company’s stock worth $403,000 after buying an additional 122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Climb Global Solutions by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock worth $279,000 after buying an additional 131 shares during the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Climb Global Solutions by 5.5% during the fourth quarter. Deutsche Bank AG now owns 2,975 shares of the company’s stock worth $306,000 after buying an additional 156 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Climb Global Solutions Stock Performance

CLMB stock opened at $28.26 on Thursday. The company has a market capitalization of $527.36 million, a P/E ratio of 25.35, a PEG ratio of 1.75 and a beta of 1.07. The company has a fifty day moving average price of $24.85 and a 200-day moving average price of $23.70. Climb Global Solutions, Inc. has a 52-week low of $15.24 and a 52-week high of $36.26.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The company had revenue of $174.21 million for the quarter, compared to analysts’ expectations of $174.07 million. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. As a group, sell-side analysts forecast that Climb Global Solutions, Inc. will post 1.32 earnings per share 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.