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

Flagship Harbor Advisors LLC acquired a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, Holdings Channel.com reports. The firm acquired 1,970 shares of the company’s stock, valued at approximately $250,000.

A number of other institutional investors have also modified their holdings of CLMB. SG Americas Securities LLC purchased a new position in shares of Climb Global Solutions during the 3rd quarter valued at about $159,000. Lakewood Asset Management LLC raised its stake in shares of Climb Global Solutions by 6.6% during the 3rd quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock valued at $982,000 after buying an additional 608 shares during the last quarter. New York State Teachers Retirement System purchased a new position in shares of Climb Global Solutions during the 3rd quarter valued at about $38,000. Pinnacle Associates Ltd. raised its stake 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 last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of Climb Global Solutions by 17.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock valued at $2,292,000 after buying an additional 3,463 shares during the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Up 0.2 %

Shares of Climb Global Solutions stock opened at $131.22 on Thursday. Climb Global Solutions, Inc. has a twelve month low of $49.69 and a twelve month high of $142.50. The business has a 50-day moving average price of $130.25 and a 200 day moving average price of $106.55. The firm has a market cap of $604.92 million, a PE ratio of 35.56, a P/E/G ratio of 1.86 and a beta of 1.14.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a research note 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.