Semanteon Capital Management LP Makes New $456,000 Investment in Climb Global Solutions, Inc. $CLMB

Semanteon Capital Management LP purchased a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,263 shares of the company’s stock, valued at approximately $456,000. Semanteon Capital Management LP owned 0.09% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CLMB. Hilltop National Bank purchased a new stake in shares of Climb Global Solutions in the 2nd quarter worth $35,000. IFP Advisors Inc grew its stake in Climb Global Solutions by 183.3% in the second quarter. IFP Advisors Inc now owns 544 shares of the company’s stock valued at $58,000 after purchasing an additional 352 shares during the last quarter. Banque Transatlantique SA bought a new position in Climb Global Solutions in the first quarter worth about $60,000. AlphaQuest LLC bought a new stake in shares of Climb Global Solutions in the 1st quarter valued at about $78,000. Finally, State of Wyoming grew its position in shares of Climb Global Solutions by 76.8% in the 1st quarter. State of Wyoming now owns 893 shares of the company’s stock worth $99,000 after buying an additional 388 shares during the last quarter. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $109.30 on Monday. The stock has a market cap of $504.20 million, a PE ratio of 23.51, a price-to-earnings-growth ratio of 2.16 and a beta of 0.97. The firm has a fifty day moving average price of $128.30 and a 200 day moving average price of $116.32. Climb Global Solutions, Inc. has a 1 year low of $88.90 and a 1 year high of $145.02.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.16. The business had revenue of $161.34 million during the quarter, compared to analyst estimates of $125.29 million. Climb Global Solutions had a return on equity of 27.35% and a net margin of 3.44%. As a group, equities analysts expect that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, November 17th. Investors of record on Monday, November 10th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. Climb Global Solutions’s dividend payout ratio is 14.62%.

Wall Street Analyst Weigh In

CLMB has been the topic of several analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Climb Global Solutions in a report on Tuesday, November 11th. Barrington Research reiterated an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a research note on Friday, November 7th. Zacks Research lowered Climb Global Solutions from a “hold” rating to a “strong sell” rating in a research note on Friday, November 7th. Finally, Wall Street Zen upgraded shares of Climb Global Solutions from a “hold” rating to a “buy” rating in a research note on Saturday. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Climb Global Solutions currently has an average rating of “Hold” and an average target price of $136.00.

Climb Global Solutions 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.