Dimensional Fund Advisors LP Has $8.39 Million Stock Position in Climb Global Solutions, Inc. $CLMB

Key Points

• Dimensional Fund Advisors increased its Climb Global Solutions stake by 315% in the first quarter, owning 423,197 shares worth approximately $8.39 million. Institutional investors and hedge funds collectively own 49.72% of the company.
• Analysts maintain a “Moderate Buy” consensus on CLMB, with an average price target of $31.00 versus the stock’s reported price of $27.12.
• Climb Global Solutions reported quarterly earnings of $0.30 per share, matching estimates, while revenue of $174.21 million slightly exceeded expectations.

Dimensional Fund Advisors LP raised its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 315.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 423,197 shares of the company's stock after buying an additional 321,215 shares during the period. Dimensional Fund Advisors LP owned 2.28% of Climb Global Solutions worth $8,387,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLMB. Wasatch Advisors LP increased its holdings in shares of Climb Global Solutions by 116.1% during the first quarter. Wasatch Advisors LP now owns 607,680 shares of the company's stock worth $12,044,000 after buying an additional 326,520 shares in the last quarter. De Lisle Partners LLP grew its position in Climb Global Solutions by 2.7% during the 4th quarter. De Lisle Partners LLP now owns 246,988 shares of the company's stock worth $25,430,000 after acquiring an additional 6,400 shares during the last quarter. AltraVue Capital LLC increased 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 valued at $19,515,000 after purchasing an additional 87,380 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in Climb Global Solutions by 41.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 145,416 shares of the company's stock valued at $14,947,000 after purchasing an additional 42,938 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. raised its position in Climb Global Solutions by 5.0% in the 4th quarter. Punch & Associates Investment Management Inc. now owns 134,717 shares of the company's stock valued at $13,848,000 after purchasing an additional 6,377 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CLMB. Barrington Research restated an "outperform" rating and set a $30.00 target price on shares of Climb Global Solutions in a report on Tuesday, May 5th. Wall Street Zen upgraded shares of Climb Global Solutions from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Climb Global Solutions in a report on Monday, August 3rd. One investment 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 company currently has a consensus rating of "Moderate Buy" and an average target price of $31.00.

Climb Global Solutions Price Performance

CLMB stock opened at $27.12 on Tuesday. The company has a 50 day moving average price of $24.62 and a 200 day moving average price of $23.73. Climb Global Solutions, Inc. has a fifty-two week low of $15.24 and a fifty-two week high of $36.26. The stock has a market capitalization of $506.06 million, a PE ratio of 24.32, a price-to-earnings-growth ratio of 1.76 and a beta of 1.07.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.30 EPS for the quarter, meeting analysts' consensus estimates of $0.30. The firm had revenue of $174.21 million for the quarter, compared to analyst estimates of $174.07 million. Climb Global Solutions had a return on equity of 18.87% and a net margin of 2.88%. As a group, 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.

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