Wasatch Advisors LP Buys 83,680 Shares of Climb Global Solutions, Inc. $CLMB

Wasatch Advisors LP boosted its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 13.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 691,360 shares of the company’s stock after purchasing an additional 83,680 shares during the period. Wasatch Advisors LP owned about 3.72% of Climb Global Solutions worth $16,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC acquired a new position in shares of Climb Global Solutions during the fourth quarter worth about $36,000. Bard Associates Inc. acquired a new stake in Climb Global Solutions in the 4th quarter valued at approximately $55,000. Tower Research Capital LLC TRC lifted 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 acquiring an additional 422 shares in the last quarter. Peterson Wealth Services lifted its stake in Climb Global Solutions by 3,267.0% in the 1st quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock valued at $71,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its stake in Climb Global Solutions by 31,866.7% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 959 shares of the company’s stock valued at $99,000 after acquiring an additional 956 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Climb Global Solutions Trading Up 1.9%

Shares of CLMB opened at $28.26 on Thursday. The company has a market cap of $527.36 million, a price-to-earnings ratio of 25.35, a PEG ratio of 1.75 and a beta of 1.07. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26. The company’s fifty day simple moving average is $24.85 and its 200 day simple moving average is $23.70.

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

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.