Foundry Partners LLC Decreases Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Foundry Partners LLC lowered its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 35,895 shares of the company’s stock after selling 645 shares during the quarter. Foundry Partners LLC owned about 0.78% of Climb Global Solutions worth $1,968,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CLMB. Pinnacle Associates Ltd. purchased a new stake in Climb Global Solutions in the 3rd quarter worth about $773,000. Bank of New York Mellon Corp increased its holdings in Climb Global Solutions by 14.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 37,404 shares of the company’s stock worth $1,609,000 after acquiring an additional 4,656 shares during the last quarter. Strs Ohio boosted its stake in Climb Global Solutions by 177.8% in the 3rd quarter. Strs Ohio now owns 2,500 shares of the company’s stock worth $107,000 after purchasing an additional 1,600 shares during the period. Punch & Associates Investment Management Inc. boosted its stake in Climb Global Solutions by 16.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 168,966 shares of the company’s stock worth $7,267,000 after purchasing an additional 23,279 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in Climb Global Solutions in the 3rd quarter worth about $95,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their target price on Climb Global Solutions from $48.00 to $76.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th.

Insider Activity

In other news, CMO Charles Edward Bass sold 500 shares of Climb Global Solutions stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $65.05, for a total transaction of $32,525.00. Following the completion of the sale, the chief marketing officer now owns 37,097 shares in the company, valued at approximately $2,413,159.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Dale Richard Foster sold 3,500 shares of Climb Global Solutions stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.49, for a total transaction of $229,215.00. Following the completion of the sale, the chief executive officer now owns 102,092 shares in the company, valued at approximately $6,686,005.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Charles Edward Bass sold 500 shares of Climb Global Solutions stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $65.05, for a total value of $32,525.00. Following the sale, the chief marketing officer now owns 37,097 shares of the company’s stock, valued at approximately $2,413,159.85. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Climb Global Solutions Stock Up 0.1 %

Shares of NASDAQ CLMB opened at $65.70 on Tuesday. Climb Global Solutions, Inc. has a 52 week low of $37.67 and a 52 week high of $73.25. The business has a 50-day simple moving average of $66.15 and a two-hundred day simple moving average of $55.98. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.01. The company has a market cap of $300.25 million, a P/E ratio of 24.15, a P/E/G ratio of 2.25 and a beta of 0.95.

Climb Global Solutions (NASDAQ:CLMB) last issued its earnings results on Wednesday, February 28th. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.68 by $0.47. Climb Global Solutions had a return on equity of 20.65% and a net margin of 3.50%. The business had revenue of $106.78 million during the quarter, compared to the consensus estimate of $88.99 million. Research analysts anticipate that Climb Global Solutions, Inc. will post 2.92 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.04%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 25.00%.

Climb Global Solutions Company 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.