Public Employees Retirement System of Ohio Acquires New Position in Climb Global Solutions, Inc. $CLMB

Public Employees Retirement System of Ohio bought a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the second quarter, Holdings Channel.com reports. The firm bought 45,572 shares of the company’s stock, valued at approximately $1,058,000.

Several other large investors have also recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Climb Global Solutions by 5.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock valued at $279,000 after purchasing an additional 131 shares during the period. Jane Street Group LLC bought a new position in Climb Global Solutions in the 1st quarter worth approximately $426,000. JPMorgan Chase & Co. boosted its holdings in Climb Global Solutions by 221.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 32,914 shares of the company’s stock worth $3,519,000 after buying an additional 22,676 shares during the period. Rhumbline Advisers grew its stake in Climb Global Solutions by 21.1% in the 2nd quarter. Rhumbline Advisers now owns 6,007 shares of the company’s stock valued at $642,000 after buying an additional 1,047 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Climb Global Solutions by 31.4% during the 2nd quarter. American Century Companies Inc. now owns 9,028 shares of the company’s stock valued at $965,000 after acquiring an additional 2,159 shares during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings upgraded Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 17th. Wall Street Zen upgraded Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Climb Global Solutions currently has an average rating of “Moderate Buy” and an average price target of $31.00.

Climb Global Solutions Trading Down 4.6%

Shares of NASDAQ:CLMB opened at $27.84 on Wednesday. The company has a 50 day moving average of $26.92 and a 200 day moving average of $23.49. The stock has a market cap of $519.49 million, a P/E ratio of 24.97, a P/E/G ratio of 1.84 and a beta of 1.09. Climb Global Solutions, Inc. has a 12 month low of $15.24 and a 12 month high of $36.26.

Climb Global Solutions (NASDAQ:CLMB) last posted its 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. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. The business had revenue of $174.21 million for the quarter, compared to analysts’ expectations of $174.07 million. On average, equities analysts forecast that Climb Global Solutions, Inc. will post 1.32 earnings per share 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.