Nuveen LLC Acquires Shares of 7,520 Climb Global Solutions, Inc. $CLMB

Nuveen LLC acquired a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,520 shares of the company’s stock, valued at approximately $833,000. Nuveen LLC owned approximately 0.16% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. De Lisle Partners LLP increased its position in Climb Global Solutions by 8.4% during the first quarter. De Lisle Partners LLP now owns 224,588 shares of the company’s stock worth $24,822,000 after buying an additional 17,308 shares in the last quarter. Vanguard Group Inc. grew its holdings in Climb Global Solutions by 3.3% in the first quarter. Vanguard Group Inc. now owns 240,449 shares of the company’s stock valued at $26,632,000 after purchasing an additional 7,737 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of Climb Global Solutions by 81.5% during the 4th quarter. Ameriprise Financial Inc. now owns 16,965 shares of the company’s stock worth $2,150,000 after buying an additional 7,616 shares during the last quarter. Lazard Asset Management LLC increased its stake in Climb Global Solutions by 195.2% during the fourth quarter. Lazard Asset Management LLC now owns 10,780 shares of the company’s stock worth $1,366,000 after acquiring an additional 7,128 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Climb Global Solutions in the 4th quarter worth about $722,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Climb Global Solutions Trading Up 0.8%

Shares of NASDAQ CLMB opened at $124.61 on Wednesday. The company has a market cap of $575.70 million, a price-to-earnings ratio of 25.85, a price-to-earnings-growth ratio of 2.00 and a beta of 1.01. Climb Global Solutions, Inc. has a 12-month low of $84.39 and a 12-month high of $144.99. The stock’s 50 day simple moving average is $111.87 and its 200 day simple moving average is $110.68.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 EPS 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 business had revenue of $159.28 million during the quarter, compared to analyst estimates of $113.25 million. As a group, equities analysts forecast 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 announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 annualized dividend and a yield of 0.5%. Climb Global Solutions’s dividend payout ratio (DPR) 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.