Russell Investments Group Ltd. Reduces Stake in Climb Global Solutions, Inc. $CLMB

Russell Investments Group Ltd. cut its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 7.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,125 shares of the company’s stock after selling 442 shares during the quarter. Russell Investments Group Ltd. owned 0.11% of Climb Global Solutions worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CLMB. Tower Research Capital LLC TRC boosted its holdings in shares of Climb Global Solutions by 200.0% in the 4th 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 purchased a new stake in Climb Global Solutions in the fourth quarter valued at $64,000. MeadowBrook Investment Advisors LLC boosted its holdings in Climb Global Solutions by 61.1% in the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company’s stock valued at $169,000 after purchasing an additional 580 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Climb Global Solutions during the 4th quarter worth about $209,000. Finally, Flagship Harbor Advisors LLC raised its stake in shares of Climb Global Solutions by 18.0% during the 1st quarter. Flagship Harbor Advisors LLC now owns 2,324 shares of the company’s stock valued at $257,000 after buying an additional 354 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 target price 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 MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $136.00.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock opened at $123.56 on Friday. The firm has a 50-day simple moving average of $110.92 and a two-hundred day simple moving average of $110.75. Climb Global Solutions, Inc. has a fifty-two week low of $84.39 and a fifty-two week high of $144.99. The company has a market cap of $570.85 million, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB) last posted its earnings results on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.49. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%.The firm had revenue of $159.28 million for the quarter, compared to analysts’ expectations of $113.25 million. Equities research analysts forecast that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

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

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.