Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock Holdings Lifted by Northern Trust Corp

Northern Trust Corp raised its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,768 shares of the company’s stock after purchasing an additional 137 shares during the quarter. Northern Trust Corp owned 1.06% of Climb Global Solutions worth $6,181,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its position in Climb Global Solutions by 309.2% during the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after buying an additional 5,711 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Climb Global Solutions by 21.4% during 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 in the last quarter. Inspire Investing LLC acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth approximately $837,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter valued at approximately $250,000. Finally, Choreo LLC increased its holdings in shares of Climb Global Solutions by 2.7% in the fourth quarter. Choreo LLC now owns 76,828 shares of the company’s stock valued at $9,725,000 after purchasing an additional 2,002 shares in the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Climb Global Solutions

In related news, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the transaction, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This represents a 23.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Greg Scorziello sold 5,767 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $100.63, for a total transaction of $580,333.21. Following the completion of the transaction, the director now directly owns 1,774 shares of the company’s stock, valued at approximately $178,517.62. The trade was a 76.48% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock valued at $3,379,759 in the last quarter. Company insiders own 6.10% of the company’s stock.

Climb Global Solutions Trading Down 0.5%

Shares of CLMB stock opened at $107.99 on Tuesday. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The firm’s fifty day moving average price is $107.55 and its two-hundred day moving average price is $120.38. The firm has a market capitalization of $496.97 million, a P/E ratio of 29.27, a PEG ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $138.04 million for the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. As a group, equities research analysts forecast that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Announces Dividend

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

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Tuesday, May 13th.

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.