De Lisle Partners LLP acquired a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB – Free Report) during the 2nd quarter, HoldingsChannel reports. The fund acquired 887,135 shares of the company’s stock, valued at approximately $20,552,000. Climb Global Solutions accounts for approximately 2.2% of De Lisle Partners LLP’s portfolio, making the stock its 5th biggest position.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new stake in shares of Climb Global Solutions in the second quarter valued at about $32,000. Bard Associates Inc. acquired a new position in shares of Climb Global Solutions during the 4th quarter worth about $55,000. Tower Research Capital LLC TRC raised its position in shares of Climb Global Solutions by 317.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock worth $59,000 after purchasing an additional 422 shares during the last quarter. Peterson Wealth Services lifted its stake in Climb Global Solutions by 3,267.0% in the 1st quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock valued at $71,000 after buying an additional 3,463 shares in the last quarter. Finally, State of Wyoming purchased a new position in Climb Global Solutions in the 2nd quarter valued at about $97,000. 49.72% of the stock is owned by hedge funds and other institutional investors.
Climb Global Solutions Price Performance
Shares of Climb Global Solutions stock opened at $28.28 on Friday. The stock has a market cap of $527.70 million, a P/E ratio of 25.36, a P/E/G ratio of 1.79 and a beta of 1.07. The stock’s 50 day simple moving average is $25.55 and its 200-day simple moving average is $23.67. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26.
Analysts Set New Price Targets
Several equities research analysts have commented on CLMB shares. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Barrington Research restated an “outperform” rating and issued a $30.00 target price on shares of Climb Global Solutions in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Climb Global Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $31.00.
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.
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