Isthmus Partners LLC Has $2.66 Million Holdings in Climb Global Solutions, Inc. $CLMB

Isthmus Partners LLC increased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 660.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 134,054 shares of the company’s stock after buying an additional 116,423 shares during the period. Isthmus Partners LLC’s holdings in Climb Global Solutions were worth $2,657,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Wasatch Advisors LP lifted its holdings in Climb Global Solutions by 116.1% in the first quarter. Wasatch Advisors LP now owns 607,680 shares of the company’s stock valued at $12,044,000 after buying an additional 326,520 shares during the period. De Lisle Partners LLP grew its holdings in Climb Global Solutions by 2.7% during the 4th quarter. De Lisle Partners LLP now owns 246,988 shares of the company’s stock worth $25,430,000 after acquiring an additional 6,400 shares during the period. AltraVue Capital LLC grew its holdings in Climb Global Solutions by 85.3% during the 4th 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 period. Thrivent Financial for Lutherans raised its position in shares of Climb Global Solutions by 41.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 145,416 shares of the company’s stock worth $14,947,000 after acquiring an additional 42,938 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in shares of Climb Global Solutions by 5.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 134,717 shares of the company’s stock worth $13,848,000 after acquiring an additional 6,377 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

CLMB has been the topic of several research analyst reports. Barrington Research restated an “outperform” rating and set a $30.00 target price on shares of Climb Global Solutions in a research report on Tuesday, May 5th. Northland Securities initiated coverage on Climb Global Solutions in a report on Monday, March 23rd. They issued an “outperform” rating and a $32.00 target price for the company. Weiss Ratings downgraded Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wall Street Zen lowered Climb Global Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Finally, Northcoast Research upgraded Climb Global Solutions to a “strong-buy” rating in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.00.

Insider Buying and Selling

In other news, Director John R. Mccarthy purchased 4,000 shares of the company’s stock in a transaction that occurred on Monday, May 4th. The shares were acquired at an average cost of $18.83 per share, with a total value of $75,320.00. Following the purchase, the director owned 85,876 shares in the company, valued at $1,617,045.08. This represents a 4.89% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

Climb Global Solutions Trading Down 2.6%

CLMB opened at $24.76 on Thursday. Climb Global Solutions, Inc. has a 1-year low of $15.24 and a 1-year high of $36.26. The company has a market cap of $460.54 million, a P/E ratio of 21.72, a price-to-earnings-growth ratio of 1.60 and a beta of 1.09. The company has a fifty day moving average price of $21.81 and a two-hundred day moving average price of $24.00.

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

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.