Strs Ohio Boosts Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Strs Ohio boosted its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 32.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,300 shares of the company’s stock after buying an additional 800 shares during the period. Strs Ohio owned approximately 0.07% of Climb Global Solutions worth $180,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Pinnacle Associates Ltd. grew its position in Climb Global Solutions by 1.4% in the fourth quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $999,000 after acquiring an additional 258 shares in the last quarter. Ancora Advisors LLC grew its position in Climb Global Solutions by 40.5% in the third quarter. Ancora Advisors LLC now owns 23,886 shares of the company’s stock valued at $1,027,000 after acquiring an additional 6,880 shares in the last quarter. Ballast Asset Management LP acquired a new stake in Climb Global Solutions in the third quarter valued at approximately $2,753,000. Acadian Asset Management LLC grew its position in Climb Global Solutions by 57.9% in the third quarter. Acadian Asset Management LLC now owns 40,519 shares of the company’s stock valued at $1,742,000 after acquiring an additional 14,853 shares in the last quarter. Finally, Herald Investment Management Ltd grew its position in Climb Global Solutions by 77.9% in the third quarter. Herald Investment Management Ltd now owns 35,000 shares of the company’s stock valued at $1,505,000 after acquiring an additional 15,331 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 4.9 %

CLMB stock opened at $64.46 on Wednesday. Climb Global Solutions, Inc. has a twelve month low of $37.67 and a twelve month high of $73.25. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $294.58 million, a P/E ratio of 23.70, a PEG ratio of 2.29 and a beta of 0.95. The firm has a 50 day simple moving average of $66.93 and a 200-day simple moving average of $56.77.

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

Climb Global Solutions Announces Dividend

The business 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.05%. The ex-dividend date of this dividend was Friday, March 8th. Climb Global Solutions’s payout ratio is currently 25.00%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $76.00 price target on shares of Climb Global Solutions in a research report on Tuesday.

Insider Transactions at Climb Global Solutions

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

About Climb Global Solutions

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.