Sei Investments Co. Boosts Stake in Climb Global Solutions, Inc. $CLMB

Sei Investments Co. increased its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 845.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 418,908 shares of the company’s stock after acquiring an additional 374,601 shares during the period. Sei Investments Co.’s holdings in Climb Global Solutions were worth $8,303,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Walleye Capital LLC acquired a new stake in Climb Global Solutions in the first quarter valued at approximately $474,000. First Trust Advisors LP lifted its position in shares of Climb Global Solutions by 302.2% during the 1st quarter. First Trust Advisors LP now owns 58,726 shares of the company’s stock valued at $1,164,000 after buying an additional 44,124 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Climb Global Solutions by 315.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 423,197 shares of the company’s stock valued at $8,387,000 after buying an additional 321,215 shares in the last quarter. Bank of New York Mellon Corp grew its stake 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 valued at $2,398,000 after acquiring an additional 90,970 shares during the period. Finally, Fifth Third Bancorp acquired a new stake in Climb Global Solutions in the 1st quarter valued at $408,000. Institutional investors and hedge funds own 49.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Weiss Ratings cut shares of Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Barrington Research restated an “outperform” rating and set a $30.00 price target on shares of Climb Global Solutions in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Climb Global Solutions Stock Performance

Shares of CLMB opened at $26.81 on Monday. Climb Global Solutions, Inc. has a 12-month low of $15.24 and a 12-month high of $36.26. The firm has a market capitalization of $498.67 million, a P/E ratio of 24.04, a P/E/G ratio of 1.69 and a beta of 1.07. The firm has a 50-day moving average price of $23.91 and a 200 day moving average price of $23.89.

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

About Climb Global Solutions

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.