Manatuck Hill Partners LLC Purchases Shares of 35,000 Climb Global Solutions, Inc. $CLMB

Manatuck Hill Partners LLC purchased a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 35,000 shares of the company’s stock, valued at approximately $812,000. Manatuck Hill Partners LLC owned 0.19% of Climb Global Solutions as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLMB. BlackRock Inc. purchased a new position in Climb Global Solutions during the second quarter worth about $30,777,000. De Lisle Partners LLP purchased a new stake in Climb Global Solutions in the 2nd quarter valued at about $20,552,000. Tieton Capital Management LLC purchased a new stake in Climb Global Solutions in the 2nd quarter valued at about $15,948,000. Punch & Associates Investment Management Inc. increased its stake in shares of Climb Global Solutions by 309.5% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 551,665 shares of the company’s stock valued at $10,934,000 after acquiring an additional 416,948 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Climb Global Solutions by 311.9% during the 1st quarter. Renaissance Technologies LLC now owns 536,213 shares of the company’s stock valued at $10,628,000 after acquiring an additional 406,017 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

NASDAQ CLMB opened at $27.25 on Wednesday. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26. The firm has a market capitalization of $508.49 million, a P/E ratio of 24.44, a P/E/G ratio of 1.73 and a beta of 1.07. The business’s 50-day simple moving average is $25.73 and its 200-day simple moving average is $23.58.

Climb Global Solutions (NASDAQ:CLMB) last posted its earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.30. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. The firm had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. On average, equities research analysts expect that Climb Global Solutions, Inc. will post 1.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CLMB shares. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Climb Global Solutions in a research note on Tuesday, May 5th. Finally, Wall Street Zen upgraded shares of 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 company’s stock. According to MarketBeat, Climb Global Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $31.00.

About Climb Global Solutions

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.