Public Employees Retirement System of Ohio Makes New $903,000 Investment in Climb Global Solutions, Inc. $CLMB

Public Employees Retirement System of Ohio purchased a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the first quarter, HoldingsChannel reports. The institutional investor purchased 45,572 shares of the company’s stock, valued at approximately $903,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in 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 acquiring an additional 131 shares during the period. Jane Street Group LLC acquired a new stake in Climb Global Solutions in the 1st quarter worth $426,000. JPMorgan Chase & Co. increased its holdings in shares of Climb Global Solutions by 221.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,914 shares of the company’s stock worth $3,519,000 after purchasing an additional 22,676 shares during the period. Rhumbline Advisers increased its holdings in shares of Climb Global Solutions by 21.1% during the 2nd quarter. Rhumbline Advisers now owns 6,007 shares of the company’s stock worth $642,000 after purchasing an additional 1,047 shares during the period. Finally, American Century Companies Inc. raised its position in shares of Climb Global Solutions by 31.4% during the second quarter. American Century Companies Inc. now owns 9,028 shares of the company’s stock valued at $965,000 after buying an additional 2,159 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $27.22 on Tuesday. Climb Global Solutions, Inc. has a 52-week low of $15.24 and a 52-week high of $36.26. The firm has a market capitalization of $506.21 million, a PE ratio of 24.41, a price-to-earnings-growth ratio of 1.69 and a beta of 1.09. The company’s fifty day moving average price is $24.04 and its two-hundred day moving average price is $23.87.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 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 company had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. Analysts predict that Climb Global Solutions, Inc. will post 1.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CLMB. Wall Street Zen raised Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday. Barrington Research reaffirmed an “outperform” rating and issued a $30.00 price target on shares of Climb Global Solutions in a report on Tuesday, May 5th. Finally, Weiss Ratings downgraded Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Climb Global Solutions presently has an average rating of “Moderate Buy” and an average 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.