Public Employees Retirement System of Ohio Acquires Shares of 45,572 Climb Global Solutions, Inc. $CLMB

Public Employees Retirement System of Ohio acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 45,572 shares of the company’s stock, valued at approximately $1,058,000. Public Employees Retirement System of Ohio owned about 0.24% of Climb Global Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new position in shares of Climb Global Solutions during the second quarter valued at about $32,000. Bard Associates Inc. purchased a new stake in Climb Global Solutions in the 4th quarter valued at about $55,000. Tower Research Capital LLC TRC increased its stake in Climb Global Solutions by 317.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after buying an additional 422 shares during the last quarter. Peterson Wealth Services lifted its position in shares of Climb Global Solutions by 3,267.0% during the 1st quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock worth $71,000 after buying an additional 3,463 shares in the last quarter. Finally, State of Wyoming purchased a new position in shares of Climb Global Solutions in the 2nd quarter worth approximately $97,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 4.6%

CLMB opened at $27.84 on Wednesday. Climb Global Solutions, Inc. has a twelve month low of $15.24 and a twelve month high of $36.26. The company’s 50-day moving average price is $26.92 and its two-hundred day moving average price is $23.49. The stock has a market cap of $519.49 million, a price-to-earnings ratio of 24.97, a PEG ratio of 1.84 and a beta of 1.09.

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CLMB shares. Wall Street Zen raised Climb Global Solutions from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings raised Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Climb Global Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

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 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.