Jacobs Levy Equity Management Inc. Sells 104 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Jacobs Levy Equity Management Inc. lowered its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,675 shares of the company’s stock after selling 104 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in Climb Global Solutions were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its position in shares of Climb Global Solutions by 28.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after acquiring an additional 97 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock worth $60,000 after buying an additional 318 shares during the period. MeadowBrook Investment Advisors LLC bought a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $120,000. Price T Rowe Associates Inc. MD bought a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $209,000. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $236,000. Institutional investors own 49.72% of the company’s stock.

Insider Activity at Climb Global Solutions

In related news, Director Greg Scorziello sold 5,767 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the completion of the sale, the director now directly owns 1,774 shares of the company’s stock, valued at $178,517.62. This trade represents a 76.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Charles Edward Bass sold 8,117 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the sale, the insider now directly owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock valued at $3,379,759 in the last three months. Corporate insiders own 6.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Tuesday.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $108.55 on Friday. The company has a market capitalization of $499.55 million, a PE ratio of 29.42, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The business has a 50 day simple moving average of $107.76 and a 200 day simple moving average of $120.10.

Climb Global Solutions (NASDAQ:CLMB) last posted its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The company had revenue of $138.04 million for the quarter, compared to the consensus estimate of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. Equities analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 0.63%. Climb Global Solutions’s dividend payout ratio is 15.93%.

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.