GAMMA Investing LLC Buys 2,866 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

GAMMA Investing LLC raised its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 20,471.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,880 shares of the company’s stock after acquiring an additional 2,866 shares during the quarter. GAMMA Investing LLC owned approximately 0.06% of Climb Global Solutions worth $319,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Climb Global Solutions by 138,542.9% in the 4th 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 period. Rhumbline Advisers increased its position in Climb Global Solutions by 10.4% in the fourth quarter. Rhumbline Advisers now owns 4,678 shares of the company’s stock worth $593,000 after buying an additional 439 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of Climb Global Solutions in the fourth quarter valued at $252,000. Navellier & Associates Inc. raised its stake in shares of Climb Global Solutions by 151.0% in the fourth quarter. Navellier & Associates Inc. now owns 8,126 shares of the company’s stock valued at $1,030,000 after buying an additional 4,889 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of Climb Global Solutions during the 4th quarter valued at $1,382,000. 49.72% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Greg Scorziello sold 5,767 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the sale, the director now owns 1,774 shares of the company’s stock, valued at approximately $178,517.62. This represents a 76.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 6.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Climb Global Solutions Stock Down 4.7%

Shares of NASDAQ:CLMB opened at $99.69 on Friday. The firm has a market capitalization of $458.57 million, a PE ratio of 23.35, a P/E/G ratio of 1.70 and a beta of 0.98. The company has a 50-day moving average price of $106.18 and a two-hundred day moving average price of $116.93. Climb Global Solutions, Inc. has a twelve month low of $54.91 and a twelve month high of $145.00.

Climb Global Solutions (NASDAQ:CLMB) last released 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 28.34% and a net margin of 3.83%. The business had revenue of $138.04 million during the quarter, compared to the consensus estimate of $96.86 million. Analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

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

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.