Walleye Capital LLC Invests $474,000 in Climb Global Solutions, Inc. $CLMB

Walleye Capital LLC bought a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,913 shares of the company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds have also made changes to their positions in CLMB. Wasatch Advisors LP grew its holdings in Climb Global Solutions by 116.1% during the 1st quarter. Wasatch Advisors LP now owns 607,680 shares of the company’s stock valued at $12,044,000 after purchasing an additional 326,520 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Climb Global Solutions by 315.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 423,197 shares of the company’s stock worth $8,387,000 after buying an additional 321,215 shares during the period. Isthmus Partners LLC lifted its holdings in Climb Global Solutions by 660.3% in the 1st quarter. Isthmus Partners LLC now owns 134,054 shares of the company’s stock worth $2,657,000 after buying an additional 116,423 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Climb Global Solutions by 303.3% in the 1st quarter. Bank of New York Mellon Corp now owns 120,965 shares of the company’s stock worth $2,398,000 after buying an additional 90,970 shares in the last quarter. Finally, AltraVue Capital LLC boosted its position in Climb Global Solutions by 85.3% in the 4th quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock valued at $19,515,000 after buying an additional 87,380 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CLMB shares. Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research note on Tuesday, May 5th. Wall Street Zen cut Climb Global Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Insider Buying and Selling at Climb Global Solutions

In related news, Director John R. Mccarthy bought 4,000 shares of the company’s stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $18.83 per share, with a total value of $75,320.00. Following the transaction, the director owned 85,876 shares of the company’s stock, valued at approximately $1,617,045.08. This trade represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Climb Global Solutions Trading Up 1.4%

CLMB stock opened at $25.46 on Friday. The firm has a 50 day simple moving average of $23.22 and a 200-day simple moving average of $23.96. The company has a market capitalization of $473.56 million, a P/E ratio of 22.33, a PEG ratio of 1.58 and a beta of 1.09. Climb Global Solutions, Inc. has a twelve month low of $15.24 and a twelve month high of $36.26.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The company had revenue of $182.38 million during the quarter, compared to analyst estimates of $151.33 million. On average, research analysts predict that Climb Global Solutions, Inc. will post 1.32 EPS 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.