Punch & Associates Investment Management Inc. Has $10.93 Million Position in Climb Global Solutions, Inc. $CLMB

Punch & Associates Investment Management Inc. grew its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 309.5% in the 1st quarter, HoldingsChannel.com reports. The fund owned 551,665 shares of the company’s stock after purchasing an additional 416,948 shares during the quarter. Punch & Associates Investment Management Inc.’s holdings in Climb Global Solutions were worth $10,934,000 as of its most recent SEC filing.

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

Climb Global Solutions Price Performance

Shares of CLMB stock opened at $25.46 on Friday. Climb Global Solutions, Inc. has a one year low of $15.24 and a one year high of $36.26. The stock has a fifty day moving average price of $23.22 and a 200 day moving average price of $23.96. The stock has a market cap of $473.56 million, a P/E ratio of 22.33, a price-to-earnings-growth ratio of 1.61 and a beta of 1.09.

Climb Global Solutions (NASDAQ:CLMB) last announced 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 business had revenue of $182.38 million during the quarter, compared to analyst estimates of $151.33 million. Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. Equities research analysts anticipate that Climb Global Solutions, Inc. will post 1.32 EPS for the current year.

Insider Activity

In related news, Director John R. Mccarthy bought 4,000 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The stock was acquired at an average price of $18.83 per share, for a total transaction of $75,320.00. Following the transaction, the director directly owned 85,876 shares of the company’s stock, valued at $1,617,045.08. This represents a 4.89% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CLMB shares. Wall Street Zen lowered shares of Climb Global Solutions from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Barrington Research reissued an “outperform” rating and set a $30.00 price objective on shares of Climb Global Solutions in a research report on Tuesday, May 5th. Finally, Weiss Ratings lowered Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.00.

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.