Polar Asset Management Partners Inc. Has $3.81 Million Holdings in Climb Global Solutions, Inc. $CLMB

Polar Asset Management Partners Inc. grew its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 167.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,072 shares of the company’s stock after acquiring an additional 120,204 shares during the period. Polar Asset Management Partners Inc.’s holdings in Climb Global Solutions were worth $3,807,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Tieton Capital Management LLC raised its position in Climb Global Solutions by 83.9% in the 4th quarter. Tieton Capital Management LLC now owns 111,984 shares of the company’s stock worth $11,511,000 after purchasing an additional 51,088 shares during the last quarter. AltraVue Capital LLC lifted 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 buying an additional 87,380 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Climb Global Solutions by 307.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 79,185 shares of the company’s stock valued at $1,569,000 after buying an additional 59,758 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in Climb Global Solutions by 309.5% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 551,665 shares of the company’s stock valued at $10,934,000 after buying an additional 416,948 shares during the last quarter. Finally, Isthmus Partners LLC increased its stake in shares of Climb Global Solutions by 660.3% in the 1st quarter. Isthmus Partners LLC now owns 134,054 shares of the company’s stock valued at $2,657,000 after buying an additional 116,423 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CLMB. Wall Street Zen downgraded Climb Global Solutions from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Weiss Ratings cut Climb Global Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Barrington Research reiterated an “outperform” rating and issued a $30.00 price objective on shares of Climb Global Solutions in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Climb Global Solutions Price Performance

CLMB opened at $25.46 on Monday. The firm has a 50 day simple moving average of $23.22 and a 200 day simple moving average of $23.94. Climb Global Solutions, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $36.26. The company has a market cap of $473.56 million, a price-to-earnings 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). Climb Global Solutions had a net margin of 3.01% and a return on equity of 20.43%. The business had revenue of $182.38 million during the quarter, compared to the consensus estimate of $151.33 million. As a group, analysts expect that Climb Global Solutions, Inc. will post 1.32 EPS for the current year.

Insider Activity at Climb Global Solutions

In related news, Director John R. Mccarthy purchased 4,000 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were bought at an average price of $18.83 per share, with a total value of $75,320.00. Following the purchase, the director directly owned 85,876 shares in the company, valued at $1,617,045.08. This trade represents a 4.89% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders own 3.80% of the company’s stock.

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.