BNP Paribas Financial Markets Has $69,000 Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

BNP Paribas Financial Markets cut its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 91.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 543 shares of the company’s stock after selling 5,756 shares during the quarter. BNP Paribas Financial Markets’ holdings in Climb Global Solutions were worth $69,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in Climb Global Solutions by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company’s stock valued at $29,496,000 after acquiring an additional 5,195 shares during the last quarter. Wasatch Advisors LP raised its position in shares of Climb Global Solutions by 1.4% in the fourth quarter. Wasatch Advisors LP now owns 122,723 shares of the company’s stock valued at $15,555,000 after purchasing an additional 1,645 shares during the period. Invesco Ltd. raised its position in shares of Climb Global Solutions by 11.5% in the fourth quarter. Invesco Ltd. now owns 95,199 shares of the company’s stock valued at $12,066,000 after purchasing an additional 9,853 shares during the period. Choreo LLC raised its position 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 during the period. Finally, Royce & Associates LP raised its position in shares of 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 purchasing an additional 14,682 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Climb Global Solutions Stock Down 2.4%

NASDAQ:CLMB opened at $107.50 on Tuesday. Climb Global Solutions, Inc. has a 12 month low of $54.79 and a 12 month high of $145.00. The firm has a market cap of $494.72 million, a price-to-earnings ratio of 29.13, a P/E/G ratio of 1.74 and a beta of 1.12. The company’s 50 day moving average is $106.14 and its 200-day moving average is $119.62.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $96.86 million. Research analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date was Monday, May 12th. Climb Global Solutions’s dividend payout ratio (DPR) is currently 15.93%.

Insider Buying and Selling at Climb Global Solutions

In other news, insider Charles Edward Bass sold 8,117 shares of the company’s stock in a transaction dated 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 sale, the insider now owns 25,792 shares of the company’s stock, valued at approximately $3,216,520.32. This represents a 23.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the company’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the sale, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 28,531 shares of company stock valued at $3,379,759 in the last 90 days. 6.10% of the stock is currently owned by company insiders.

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.