Jacobi Capital Management LLC Purchases New Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Jacobi Capital Management LLC purchased a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,003 shares of the company’s stock, valued at approximately $254,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLMB. New York State Teachers Retirement System purchased a new position in Climb Global Solutions in the 3rd quarter valued at about $38,000. MeadowBrook Investment Advisors LLC purchased a new position in Climb Global Solutions in the 4th quarter valued at about $120,000. Harvest Fund Management Co. Ltd purchased a new position in Climb Global Solutions in the 3rd quarter valued at about $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions in the 3rd quarter worth approximately $147,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Climb Global Solutions in the 3rd quarter worth approximately $222,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Price Performance

CLMB opened at $117.26 on Tuesday. The company’s 50 day simple moving average is $126.93 and its two-hundred day simple moving average is $115.55. Climb Global Solutions, Inc. has a 1-year low of $49.69 and a 1-year high of $142.50. The firm has a market capitalization of $540.22 million, a price-to-earnings ratio of 31.78, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13.

Analyst Upgrades and Downgrades

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

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.