Climb Global Solutions, Inc. (NASDAQ:CLMB) is De Lisle Partners LLP’s 2nd Largest Position

De Lisle Partners LLP raised its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 224,588 shares of the company’s stock after acquiring an additional 17,308 shares during the quarter. Climb Global Solutions makes up approximately 4.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 2nd largest position. De Lisle Partners LLP owned approximately 4.90% of Climb Global Solutions worth $24,822,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CLMB. Flagship Harbor Advisors LLC increased its stake in shares of Climb Global Solutions by 18.0% in the 1st quarter. Flagship Harbor Advisors LLC now owns 2,324 shares of the company’s stock valued at $257,000 after purchasing an additional 354 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new position in shares of Climb Global Solutions during the 1st quarter worth approximately $349,000. Arrowstreet Capital Limited Partnership acquired a new stake in Climb Global Solutions in the 4th quarter valued at $476,000. Raymond James Financial Inc. purchased a new stake in Climb Global Solutions in the 4th quarter worth $1,449,000. Finally, GAMMA Investing LLC lifted its holdings in Climb Global Solutions by 20,471.4% during the first quarter. GAMMA Investing LLC now owns 2,880 shares of the company’s stock valued at $319,000 after purchasing an additional 2,866 shares in the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Performance

NASDAQ CLMB opened at $100.90 on Tuesday. The business has a fifty day moving average price of $105.57 and a 200 day moving average price of $112.58. The company has a market cap of $464.14 million, a P/E ratio of 23.63, a P/E/G ratio of 1.61 and a beta of 0.95. Climb Global Solutions, Inc. has a one year low of $59.85 and a one year high of $144.99.

Climb Global Solutions (NASDAQ:CLMB) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). The business had revenue of $138.04 million for the quarter, compared to analysts’ expectations of $96.86 million. Climb Global Solutions had a return on equity of 28.34% and a net margin of 3.83%. As a group, sell-side analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a research report on Friday.

Insider Transactions at Climb Global Solutions

In other Climb Global Solutions news, Director Greg Scorziello sold 5,767 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $100.63, for a total value of $580,333.21. Following the completion of the sale, the director owned 1,774 shares in the company, valued at approximately $178,517.62. This represents a 76.48% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 6.10% of the company’s stock.

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.