Climb Global Solutions, Inc. (NASDAQ:CLMB) Holdings Lifted by Geode Capital Management LLC

Geode Capital Management LLC increased its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,143 shares of the company’s stock after acquiring an additional 881 shares during the period. Geode Capital Management LLC owned about 2.00% of Climb Global Solutions worth $9,173,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions in the third quarter worth approximately $38,000. Harvest Fund Management Co. Ltd bought a new position in Climb Global Solutions during the third quarter valued at approximately $126,000. Quantbot Technologies LP acquired a new stake in Climb Global Solutions in the third quarter valued at approximately $147,000. SG Americas Securities LLC acquired a new position in shares of Climb Global Solutions during the 3rd quarter worth $159,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions during the 3rd quarter valued at $222,000. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Climb Global Solutions Price Performance

CLMB stock opened at $126.75 on Thursday. The company has a 50-day moving average of $124.80 and a two-hundred day moving average of $96.93. The stock has a market capitalization of $583.94 million, a price-to-earnings ratio of 34.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.13. Climb Global Solutions, Inc. has a 52-week low of $48.67 and a 52-week high of $142.50.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.54%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 18.43%.

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.