Quadrature Capital Ltd Boosts Stake in Climb Global Solutions, Inc. $CLMB

Quadrature Capital Ltd increased its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 32.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,128 shares of the company’s stock after acquiring an additional 1,485 shares during the period. Quadrature Capital Ltd’s holdings in Climb Global Solutions were worth $656,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. CSM Advisors LLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter worth $3,655,000. JPMorgan Chase & Co. lifted its stake in shares of Climb Global Solutions by 221.5% in the second quarter. JPMorgan Chase & Co. now owns 32,914 shares of the company’s stock valued at $3,519,000 after purchasing an additional 22,676 shares during the period. Aptus Capital Advisors LLC acquired a new stake in shares of Climb Global Solutions in the first quarter valued at about $2,457,000. Independent Advisor Alliance purchased a new stake in Climb Global Solutions during the first quarter worth about $1,284,000. Finally, Vanguard Group Inc. grew its position in Climb Global Solutions by 3.3% during the first quarter. Vanguard Group Inc. now owns 240,449 shares of the company’s stock worth $26,632,000 after buying an additional 7,737 shares during the period. Institutional investors and hedge funds own 49.72% of the company’s stock.

Analysts Set New Price Targets

CLMB has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Climb Global Solutions in a report on Monday, November 24th. Barrington Research reaffirmed an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Friday, November 7th. Zacks Research cut Climb Global Solutions from a “hold” rating to a “strong sell” rating in a report on Friday, November 7th. Finally, Wall Street Zen lowered Climb Global Solutions from a “buy” rating to a “hold” rating in a report on Sunday, November 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Climb Global Solutions has an average rating of “Hold” and a consensus price target of $136.00.

Climb Global Solutions Price Performance

Shares of CLMB opened at $101.63 on Tuesday. Climb Global Solutions, Inc. has a 1-year low of $88.90 and a 1-year high of $145.02. The stock has a market cap of $468.82 million, a price-to-earnings ratio of 21.86, a price-to-earnings-growth ratio of 2.16 and a beta of 0.97. The firm has a 50 day simple moving average of $121.96 and a 200-day simple moving average of $116.04.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, October 29th. The company reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.16. The firm had revenue of $161.34 million for the quarter, compared to analysts’ expectations of $125.29 million. Climb Global Solutions had a return on equity of 27.35% and a net margin of 3.44%. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.7%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 14.62%.

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.