1,645 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Purchased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,645 shares of the company’s stock, valued at approximately $209,000.

Other large investors also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its stake in shares of Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after purchasing an additional 97 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock worth $60,000 after purchasing an additional 318 shares during the last quarter. MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions in the fourth quarter worth about $120,000. Cornerstone Investment Partners LLC purchased a new stake in Climb Global Solutions in the fourth quarter worth about $236,000. Finally, SG Americas Securities LLC lifted its holdings in Climb Global Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after buying an additional 341 shares during the period. 49.72% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This trade represents a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions 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 transaction, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. The trade was a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,531 shares of company stock worth $3,379,759. Insiders own 6.10% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Tuesday.

Climb Global Solutions Price Performance

Shares of CLMB opened at $108.55 on Friday. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The company has a 50-day simple moving average of $107.76 and a two-hundred day simple moving average of $120.10. The firm has a market capitalization of $499.55 million, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The company had revenue of $138.04 million during the quarter, compared to analysts’ expectations of $96.86 million. Analysts expect that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 0.63%. Climb Global Solutions’s payout ratio is 15.93%.

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.