Rhumbline Advisers Acquires 237 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Rhumbline Advisers grew its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 5.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,239 shares of the company’s stock after buying an additional 237 shares during the quarter. Rhumbline Advisers owned 0.09% of Climb Global Solutions worth $266,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wasatch Advisors LP increased its holdings in shares of Climb Global Solutions by 1,836.3% in the 4th quarter. Wasatch Advisors LP now owns 103,203 shares of the company’s stock valued at $5,659,000 after acquiring an additional 97,873 shares during the period. Vanguard Group Inc. raised its stake in Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock worth $15,871,000 after acquiring an additional 7,447 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Climb Global Solutions by 51.1% in the fourth quarter. BNP Paribas Financial Markets now owns 8,061 shares of the company’s stock worth $442,000 after acquiring an additional 2,725 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Climb Global Solutions by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,882 shares of the company’s stock valued at $1,338,000 after buying an additional 1,323 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Climb Global Solutions by 82.1% in the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after acquiring an additional 1,319 shares during the period. Institutional investors own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and set a $90.00 target price on shares of Climb Global Solutions in a research note on Wednesday, August 21st.

Climb Global Solutions Trading Up 2.5 %

CLMB stock opened at $99.42 on Friday. The business’s 50-day moving average is $84.75 and its 200 day moving average is $69.97. Climb Global Solutions, Inc. has a 12-month low of $40.63 and a 12-month high of $103.62. The stock has a market cap of $458.33 million, a price-to-earnings ratio of 38.54, a PEG ratio of 2.66 and a beta of 1.06. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01.

Climb Global Solutions (NASDAQ:CLMB) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.35. The firm had revenue of $92.08 million for the quarter, compared to analysts’ expectations of $97.27 million. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. On average, sell-side analysts anticipate that Climb Global Solutions, Inc. will post 3.28 EPS for the current fiscal year.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Friday, August 16th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.68%. Climb Global Solutions’s dividend payout ratio (DPR) is 26.36%.

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.