Walleye Capital LLC Purchases Shares of 23,913 Climb Global Solutions, Inc. $CLMB

Walleye Capital LLC acquired a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 23,913 shares of the company’s stock, valued at approximately $474,000. Walleye Capital LLC owned 0.13% of Climb Global Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Wasatch Advisors LP raised its position in shares of Climb Global Solutions by 116.1% in the 1st quarter. Wasatch Advisors LP now owns 607,680 shares of the company’s stock worth $12,044,000 after buying an additional 326,520 shares during the period. Dimensional Fund Advisors LP grew its position in Climb Global Solutions by 315.0% during the first quarter. Dimensional Fund Advisors LP now owns 423,197 shares of the company’s stock valued at $8,387,000 after acquiring an additional 321,215 shares during the period. Isthmus Partners LLC grew its position in Climb Global Solutions by 660.3% during the first quarter. Isthmus Partners LLC now owns 134,054 shares of the company’s stock valued at $2,657,000 after acquiring an additional 116,423 shares during the period. Bank of New York Mellon Corp increased its stake in Climb Global Solutions by 303.3% during the first quarter. Bank of New York Mellon Corp now owns 120,965 shares of the company’s stock worth $2,398,000 after acquiring an additional 90,970 shares during the last quarter. Finally, AltraVue Capital LLC increased its stake in Climb Global Solutions by 85.3% during the fourth quarter. AltraVue Capital LLC now owns 189,851 shares of the company’s stock worth $19,515,000 after acquiring an additional 87,380 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLMB has been the topic of several research analyst reports. Weiss Ratings lowered Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded shares of Climb Global Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Barrington Research reissued an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Climb Global Solutions presently has an average rating of “Moderate Buy” and an average target price of $31.00.

Climb Global Solutions Trading Up 1.4%

Shares of Climb Global Solutions stock opened at $25.46 on Friday. The company has a fifty day moving average price of $23.22 and a 200 day moving average price of $23.96. Climb Global Solutions, Inc. has a twelve month low of $15.24 and a twelve month high of $36.26. The stock has a market cap of $473.56 million, a price-to-earnings ratio of 22.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.09.

Climb Global Solutions (NASDAQ:CLMB) last announced its quarterly earnings results on Wednesday, April 29th. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.04). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The company had revenue of $182.38 million during the quarter, compared to analyst estimates of $151.33 million. Analysts forecast that Climb Global Solutions, Inc. will post 1.32 earnings per share for the current year.

Insider Buying and Selling at Climb Global Solutions

In related news, Director John R. Mccarthy bought 4,000 shares of the firm’s stock in a transaction dated Monday, May 4th. The stock was bought at an average price of $18.83 per share, with a total value of $75,320.00. Following the completion of the transaction, the director directly owned 85,876 shares of the company’s stock, valued at approximately $1,617,045.08. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

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.