Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 2.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 232,712 shares of the company’s stock after purchasing an additional 5,195 shares during the quarter. Vanguard Group Inc. owned approximately 5.05% of Climb Global Solutions worth $29,496,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Royce & Associates LP lifted its stake in Climb Global Solutions by 40.9% in the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company’s stock valued at $6,414,000 after buying an additional 14,682 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Climb Global Solutions in the 4th quarter valued at $1,489,000. Raymond James Financial Inc. acquired a new stake in Climb Global Solutions during the 4th quarter worth $1,449,000. Proficio Capital Partners LLC purchased a new position in shares of Climb Global Solutions during the fourth quarter worth about $1,382,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock worth $1,230,000 after purchasing an additional 9,698 shares during the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Insider Buying and Selling

In related news, insider Charles Edward Bass sold 8,117 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the sale, the insider now owns 25,792 shares in the company, valued at approximately $3,216,520.32. This trade represents a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,764 shares of company stock worth $2,799,426 in the last three months. Corporate insiders own 9.60% of the company’s stock.

Climb Global Solutions Stock Up 0.6 %

Shares of NASDAQ CLMB opened at $105.90 on Tuesday. The stock has a market capitalization of $487.88 million, a price-to-earnings ratio of 28.70, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The firm has a 50-day moving average price of $116.66 and a 200 day moving average price of $119.81.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a research note on Thursday, March 6th.

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.