MeadowBrook Investment Advisors LLC Takes $120,000 Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

MeadowBrook Investment Advisors LLC bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 950 shares of the company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. De Lisle Partners LLP grew its position in Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after purchasing an additional 37,747 shares during the period. Royce & Associates LP grew its position in Climb Global Solutions by 314.5% during the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after purchasing an additional 27,254 shares during the period. Pinnacle Associates Ltd. grew its position in shares of Climb Global Solutions by 66.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,298 shares during the period. State Street Corp grew its position in shares of Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after acquiring an additional 6,979 shares during the period. Finally, Inspire Investing LLC acquired a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $837,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Trading Up 1.0 %

Shares of Climb Global Solutions stock opened at $127.43 on Wednesday. The firm has a market capitalization of $587.45 million, a PE ratio of 34.53, a P/E/G ratio of 1.75 and a beta of 1.13. Climb Global Solutions, Inc. has a twelve month low of $49.69 and a twelve month high of $142.50. The firm’s 50-day moving average price is $128.55 and its 200 day moving average price is $110.64.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday, December 12th.

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.