Rhumbline Advisers Has $4.49 Million Position in Climb Global Solutions, Inc. $CLMB

Rhumbline Advisers raised its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 454.5% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 33,311 shares of the company’s stock after purchasing an additional 27,304 shares during the period. Rhumbline Advisers’ holdings in Climb Global Solutions were worth $4,492,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new stake in shares of Climb Global Solutions during the 3rd quarter valued at about $27,000. Tower Research Capital LLC TRC lifted its stake in Climb Global Solutions by 317.3% during the second 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 period. SG Americas Securities LLC acquired a new stake in Climb Global Solutions during the third quarter valued at approximately $102,000. MeadowBrook Investment Advisors LLC grew its stake in shares of Climb Global Solutions by 32.4% in the 3rd quarter. MeadowBrook Investment Advisors LLC now owns 1,960 shares of the company’s stock valued at $264,000 after purchasing an additional 480 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of Climb Global Solutions by 4.7% in the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock valued at $258,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 8.3%

Shares of NASDAQ:CLMB opened at $99.77 on Wednesday. The firm has a market cap of $459.94 million, a P/E ratio of 21.46, a P/E/G ratio of 1.64 and a beta of 1.15. Climb Global Solutions, Inc. has a 12 month low of $88.90 and a 12 month high of $145.02. The company’s 50-day moving average price is $115.06 and its two-hundred day moving average price is $119.33.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLMB. Zacks Research upgraded Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Wall Street Zen downgraded shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, December 20th. Barrington Research reaffirmed an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a report on Friday, February 20th. Finally, Weiss Ratings downgraded shares of Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, 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.