De Lisle Partners LLP Invests $20.55 Million in Climb Global Solutions, Inc. $CLMB

Key Points

• De Lisle Partners LLP acquired 887,135 shares of Climb Global Solutions in the second quarter, valued at approximately $20.55 million. The investment represents about 4.75% of CLMB and 2.2% of the firm’s portfolio.
• Climb Global Solutions reported quarterly EPS of $0.30, matching analyst estimates, while revenue of $174.21 million slightly exceeded expectations. The company has a $527.7 million market capitalization and a 25.36 price-to-earnings ratio.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and a $31.00 target price versus the stock’s $28.28 opening price. Institutional investors and hedge funds collectively own 49.72% of the company.

De Lisle Partners LLP bought a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 887,135 shares of the company's stock, valued at approximately $20,552,000. Climb Global Solutions comprises approximately 2.2% of De Lisle Partners LLP's investment portfolio, making the stock its 5th largest holding. De Lisle Partners LLP owned approximately 4.75% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLMB. Tidal Investments LLC grew 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 purchasing an additional 108 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Climb Global Solutions by 0.9% in the 2nd quarter. Ameriprise Financial Inc. now owns 12,683 shares of the company's stock valued at $1,356,000 after buying an additional 114 shares during the period. Franklin Resources Inc. boosted its stake in shares of Climb Global Solutions by 4.3% in the third quarter. Franklin Resources Inc. now owns 2,989 shares of the company's stock worth $403,000 after buying an additional 122 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 worth $279,000 after buying an additional 131 shares during the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of Climb Global Solutions by 5.5% in the fourth quarter. Deutsche Bank AG now owns 2,975 shares of the company's stock worth $306,000 after buying an additional 156 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $28.28 on Friday. Climb Global Solutions, Inc. has a twelve month low of $15.24 and a twelve month high of $36.26. The business has a 50-day moving average price of $25.55 and a 200 day moving average price of $23.67. The firm has a market cap of $527.70 million, a PE ratio of 25.36, a P/E/G ratio of 1.79 and a beta of 1.07.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) 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 company had revenue of $174.21 million during the quarter, compared to analysts' expectations of $174.07 million. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. On average, sell-side analysts expect that Climb Global Solutions, Inc. will post 1.32 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CLMB. Barrington Research reaffirmed an "outperform" rating and set a $30.00 price objective on shares of Climb Global Solutions in a research note on Tuesday, May 5th. Wall Street Zen upgraded shares of Climb Global Solutions from a "sell" rating to a "hold" rating in a research note on Saturday, August 1st. Finally, Weiss Ratings upgraded shares of Climb Global Solutions from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 17th. 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's stock. According to MarketBeat.com, Climb Global Solutions has a consensus rating of "Moderate Buy" and a consensus 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.

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