Invesco Ltd. Sells 20,632 Shares of Climb Global Solutions, Inc. $CLMB

Invesco Ltd. lowered its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 21.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 74,567 shares of the company’s stock after selling 20,632 shares during the period. Invesco Ltd. owned about 1.62% of Climb Global Solutions worth $8,259,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Tower Research Capital LLC TRC raised its stake in shares of Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock valued at $60,000 after acquiring an additional 318 shares during the last quarter. State of Wyoming bought a new position in shares of Climb Global Solutions during the fourth quarter valued at $64,000. MeadowBrook Investment Advisors LLC raised its stake in shares of Climb Global Solutions by 61.1% during the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company’s stock valued at $169,000 after acquiring an additional 580 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Climb Global Solutions during the fourth quarter valued at $209,000. Finally, Wells Fargo & Company MN raised its stake in shares of Climb Global Solutions by 57.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,040 shares of the company’s stock valued at $259,000 after acquiring an additional 745 shares during the last quarter. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 1.0%

CLMB opened at $122.59 on Tuesday. Climb Global Solutions, Inc. has a twelve month low of $84.39 and a twelve month high of $144.99. The company has a fifty day moving average of $109.31 and a 200-day moving average of $110.71. The stock has a market cap of $566.37 million, a PE ratio of 25.43, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.49. Climb Global Solutions had a net margin of 3.82% and a return on equity of 29.16%. The company had revenue of $159.28 million during the quarter, compared to analysts’ expectations of $113.25 million. Sell-side analysts anticipate that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were given a dividend of $0.17 per share. The ex-dividend date was Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. Climb Global Solutions’s dividend payout ratio is 14.11%.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 price target on shares of Climb Global Solutions in a research note on Monday, August 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $136.00.

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.