Climb Global Solutions, Inc. $CLMB Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,960 shares of the company’s stock after buying an additional 282 shares during the period. Rhumbline Advisers owned about 0.11% of Climb Global Solutions worth $549,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Climb Global Solutions by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock worth $303,000 after purchasing an additional 96 shares during the last quarter. Flagship Harbor Advisors LLC increased its position in Climb Global Solutions by 18.0% during the first quarter. Flagship Harbor Advisors LLC now owns 2,324 shares of the company’s stock worth $257,000 after purchasing an additional 354 shares during the last quarter. State of Wyoming increased its position in Climb Global Solutions by 76.8% during the first quarter. State of Wyoming now owns 893 shares of the company’s stock worth $99,000 after purchasing an additional 388 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH increased its position in Climb Global Solutions by 7.0% during the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,100 shares of the company’s stock worth $676,000 after purchasing an additional 400 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its position in Climb Global Solutions by 61.1% during the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company’s stock worth $169,000 after purchasing an additional 580 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

NASDAQ CLMB opened at $136.07 on Tuesday. Climb Global Solutions, Inc. has a 12 month low of $88.90 and a 12 month high of $144.99. The company has a market capitalization of $628.64 million, a price-to-earnings ratio of 28.23, a price-to-earnings-growth ratio of 2.14 and a beta of 1.01. The company’s fifty day moving average price is $117.95 and its two-hundred day moving average price is $111.21.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings data 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 net margin of 3.82% and a return on equity of 29.16%. The firm had revenue of $159.28 million for the quarter, compared to the consensus estimate of $113.25 million. As a group, analysts anticipate that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 14.11%.

Wall Street Analysts Forecast Growth

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