Rhumbline Advisers Buys 27,304 Shares of Climb Global Solutions, Inc. $CLMB

Rhumbline Advisers increased its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 454.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 33,311 shares of the company’s stock after purchasing an additional 27,304 shares during the quarter. Rhumbline Advisers owned approximately 0.72% of Climb Global Solutions worth $4,492,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CLMB. State of Alaska Department of Revenue bought a new position in shares of Climb Global Solutions in the third quarter valued at approximately $27,000. Tower Research Capital LLC TRC grew 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. SG Americas Securities LLC bought a new position in Climb Global Solutions in the 3rd quarter worth $102,000. Tidal Investments LLC lifted its position in Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock worth $258,000 after acquiring an additional 108 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC boosted its holdings in Climb Global Solutions by 32.4% during the third quarter. MeadowBrook Investment Advisors LLC now owns 1,960 shares of the company’s stock valued at $264,000 after acquiring an additional 480 shares during the period. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 8.3%

CLMB stock opened at $99.77 on Wednesday. Climb Global Solutions, Inc. has a twelve month low of $88.90 and a twelve month high of $145.02. The company has a market cap of $459.94 million, a PE ratio of 21.46, a price-to-earnings-growth ratio of 1.64 and a beta of 1.15. The business’s 50-day simple moving average is $115.06 and its 200 day simple moving average is $119.33.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Barrington Research reiterated an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Friday, February 20th. Zacks Research raised Climb Global Solutions from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings downgraded Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Wall Street Zen lowered Climb Global Solutions from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $136.00.

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.