551,910 Shares in Climb Global Solutions, Inc. $CLMB Bought by Punch & Associates Investment Management Inc.

Punch & Associates Investment Management Inc. bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 551,910 shares of the company’s stock, valued at approximately $12,810,000. Punch & Associates Investment Management Inc. owned approximately 2.96% of Climb Global Solutions as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CLMB. Global Retirement Partners LLC bought a new stake in shares of Climb Global Solutions during the second quarter worth about $32,000. Bard Associates Inc. bought a new position in Climb Global Solutions in the 4th quarter valued at approximately $55,000. Tower Research Capital LLC TRC raised its holdings in Climb Global Solutions by 317.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after buying an additional 422 shares during the last quarter. Peterson Wealth Services boosted its position in Climb Global Solutions by 3,267.0% during the 1st quarter. Peterson Wealth Services now owns 3,569 shares of the company’s stock worth $71,000 after buying an additional 3,463 shares during the period. Finally, State of Wyoming bought a new stake in Climb Global Solutions during the 2nd quarter worth approximately $97,000. 49.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Weiss Ratings raised shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 17th. Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Barrington Research restated an “outperform” rating and issued a $30.00 price objective on shares of Climb Global Solutions in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given 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 Price Performance

Shares of CLMB stock opened at $27.67 on Thursday. The business’s 50 day simple moving average is $25.83 and its 200 day simple moving average is $23.57. Climb Global Solutions, Inc. has a one year low of $15.24 and a one year high of $36.26. The stock has a market capitalization of $516.32 million, a PE ratio of 24.82, a PEG ratio of 1.72 and a beta of 1.07.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $174.21 million during the quarter, compared to analyst estimates of $174.07 million. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. As a group, research analysts expect that Climb Global Solutions, Inc. will post 1.32 earnings per share for the current year.

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.