Manatuck Hill Partners LLC Invests $812,000 in Climb Global Solutions, Inc. $CLMB

Manatuck Hill Partners LLC bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the second quarter, HoldingsChannel reports. The fund bought 35,000 shares of the company’s stock, valued at approximately $812,000.

Several other hedge funds have also modified their holdings of the stock. Tidal Investments LLC lifted its position in Climb Global Solutions by 4.7% during the 2nd quarter. Tidal Investments LLC now owns 2,415 shares of the company’s stock worth $258,000 after acquiring an additional 108 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Climb Global Solutions by 0.9% during the second quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company’s stock valued at $1,356,000 after purchasing an additional 114 shares during the period. Franklin Resources Inc. raised its stake in shares of Climb Global Solutions by 4.3% during the third quarter. Franklin Resources Inc. now owns 2,989 shares of the company’s stock valued at $403,000 after purchasing an additional 122 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Climb Global Solutions by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,522 shares of the company’s stock worth $279,000 after purchasing an additional 131 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Climb Global Solutions by 5.5% during the fourth quarter. Deutsche Bank AG now owns 2,975 shares of the company’s stock worth $306,000 after purchasing an additional 156 shares in the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CLMB shares. Barrington Research reaffirmed an “outperform” rating and set a $30.00 price target on shares of Climb Global Solutions in a report on Tuesday, May 5th. Weiss Ratings upgraded shares of Climb Global Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 17th. Finally, Wall Street Zen raised shares of Climb Global Solutions from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $31.00.

Climb Global Solutions Stock Down 0.8%

Shares of CLMB opened at $27.25 on Wednesday. The firm has a market cap of $508.49 million, a price-to-earnings ratio of 24.44, a PEG ratio of 1.73 and a beta of 1.07. The business’s 50 day moving average is $25.73 and its two-hundred day moving average is $23.58. Climb Global Solutions, Inc. has a 52-week low of $15.24 and a 52-week high of $36.26.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.30 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.30. The business had revenue of $174.21 million during the quarter, compared to the consensus estimate of $174.07 million. Climb Global Solutions had a net margin of 2.88% and a return on equity of 18.87%. On average, equities analysts expect 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.