Jacobi Capital Management LLC Buys New Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Jacobi Capital Management LLC bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,003 shares of the company’s stock, valued at approximately $254,000.

Several other hedge funds have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in Climb Global Solutions by 138,542.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock worth $1,230,000 after purchasing an additional 9,698 shares during the period. JPMorgan Chase & Co. grew its position in Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after purchasing an additional 5,711 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in Climb Global Solutions during the 4th quarter worth about $250,000. State Street Corp grew its position in Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after purchasing an additional 6,979 shares during the period. Finally, Barclays PLC grew its position in Climb Global Solutions by 59.0% during the 3rd quarter. Barclays PLC now owns 8,597 shares of the company’s stock worth $856,000 after purchasing an additional 3,189 shares during the period. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Stock Down 4.3 %

CLMB stock opened at $117.26 on Tuesday. The company’s 50-day simple moving average is $126.93 and its 200-day simple moving average is $115.55. Climb Global Solutions, Inc. has a 52-week low of $49.69 and a 52-week high of $142.50. The firm has a market cap of $540.22 million, a P/E ratio of 31.78, a PEG ratio of 1.74 and a beta of 1.13.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, December 12th.

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.