3,979 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Acquired by Merit Financial Group LLC

Merit Financial Group LLC bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 3,979 shares of the company’s stock, valued at approximately $218,000.

Several other institutional investors also recently bought and sold shares of the company. Cove Street Capital LLC raised its position in shares of Climb Global Solutions by 34.0% in the 3rd quarter. Cove Street Capital LLC now owns 199,102 shares of the company’s stock valued at $8,810,000 after purchasing an additional 50,499 shares during the last quarter. Tieton Capital Management LLC purchased a new stake in shares of Climb Global Solutions during the third quarter valued at $4,007,000. Ballast Asset Management LP acquired a new position in shares of Climb Global Solutions in the 3rd quarter valued at $2,753,000. Acadian Asset Management LLC raised its stake in Climb Global Solutions by 57.9% in the 3rd quarter. Acadian Asset Management LLC now owns 40,519 shares of the company’s stock worth $1,742,000 after acquiring an additional 14,853 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Climb Global Solutions by 14.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 37,404 shares of the company’s stock worth $1,609,000 after acquiring an additional 4,656 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Stock Performance

Shares of NASDAQ CLMB opened at $55.24 on Friday. The company has a 50 day simple moving average of $66.75 and a two-hundred day simple moving average of $57.44. The stock has a market cap of $253.28 million, a price-to-earnings ratio of 21.41, a PEG ratio of 2.02 and a beta of 0.98. The company has a current ratio of 1.09, a quick ratio of 1.08 and a debt-to-equity ratio of 0.01. Climb Global Solutions, Inc. has a 12 month low of $37.67 and a 12 month high of $73.25.

Climb Global Solutions (NASDAQ:CLMB) last posted its earnings results on Wednesday, May 1st. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15). Climb Global Solutions had a net margin of 3.26% and a return on equity of 18.93%. The business had revenue of $92.42 million for the quarter, compared to analyst estimates of $105.44 million. During the same quarter in the prior year, the firm earned $0.74 earnings per share. As a group, analysts predict that Climb Global Solutions, Inc. will post 2.92 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Monday, May 13th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, May 10th. Climb Global Solutions’s dividend payout ratio is currently 26.36%.

Analyst Upgrades and Downgrades

Separately, Barrington Research cut their price objective on Climb Global Solutions from $76.00 to $68.00 and set an “outperform” rating on the stock in a report on Monday.

Insider Activity at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 3,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $65.49, for a total transaction of $229,215.00. Following the sale, the chief executive officer now owns 102,092 shares in the company, valued at $6,686,005.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CMO Charles Edward Bass sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $65.05, for a total transaction of $32,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 37,097 shares of the company’s stock, valued at approximately $2,413,159.85. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dale Richard Foster sold 3,500 shares of Climb Global Solutions stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $65.49, for a total transaction of $229,215.00. Following the completion of the sale, the chief executive officer now directly owns 102,092 shares in the company, valued at approximately $6,686,005.08. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.

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.