MeadowBrook Investment Advisors LLC Makes New Investment in Climb Global Solutions, Inc. (NASDAQ:CLMB)

MeadowBrook Investment Advisors LLC bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB) during the fourth quarter, Holdings Channel.com reports. The institutional investor bought 950 shares of the company’s stock, valued at approximately $120,000.

Several other institutional investors have also recently made changes to their positions in CLMB. De Lisle Partners LLP raised its position in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock valued at $19,272,000 after buying an additional 37,747 shares during the period. Royce & Associates LP raised its position in shares of Climb Global Solutions by 314.5% during the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock valued at $3,575,000 after buying an additional 27,254 shares during the period. Pinnacle Associates Ltd. raised 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 buying an additional 7,298 shares during the period. State Street Corp increased its holdings in Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after purchasing an additional 6,979 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in Climb Global Solutions in the 4th quarter valued at approximately $837,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Climb Global Solutions Stock Up 1.0 %

NASDAQ:CLMB opened at $127.43 on Wednesday. The company has a fifty day simple moving average of $128.55 and a two-hundred day simple moving average of $110.64. The company has a market cap of $587.45 million, a price-to-earnings ratio of 34.53, a price-to-earnings-growth ratio of 1.75 and a beta of 1.13. Climb Global Solutions, Inc. has a 52 week low of $49.69 and a 52 week high of $142.50.

Climb Global Solutions Company 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.