Royce & Associates LP Boosts Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Royce & Associates LP increased its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 40.9% in the 4th quarter, HoldingsChannel reports. The fund owned 50,601 shares of the company’s stock after buying an additional 14,682 shares during the quarter. Royce & Associates LP’s holdings in Climb Global Solutions were worth $6,414,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after purchasing an additional 251 shares during the period. Foundry Partners LLC boosted its holdings in Climb Global Solutions by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock worth $3,551,000 after buying an additional 330 shares during the period. SG Americas Securities LLC boosted its holdings in Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after buying an additional 341 shares during the period. Martingale Asset Management L P increased its stake in Climb Global Solutions by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock worth $498,000 after buying an additional 388 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in Climb Global Solutions by 10.4% during the fourth quarter. Rhumbline Advisers now owns 4,678 shares of the company’s stock valued at $593,000 after acquiring an additional 439 shares during the period. Institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, March 6th.

Insiders Place Their Bets

In other news, CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value of $929,400.00. Following the sale, the chief executive officer now directly owns 90,027 shares in the company, valued at $11,156,145.84. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares of the company’s stock, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 20,764 shares of company stock worth $2,578,506 in the last 90 days. 9.60% of the stock is currently owned by corporate insiders.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $113.39 on Wednesday. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The firm’s 50 day moving average price is $125.28 and its 200-day moving average price is $117.80. The stock has a market cap of $522.39 million, a P/E ratio of 30.73, a PEG ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.60%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s payout ratio is currently 16.75%.

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.