Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 11.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 95,199 shares of the company’s stock after purchasing an additional 9,853 shares during the period. Invesco Ltd.’s holdings in Climb Global Solutions were worth $12,066,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC acquired a new position in shares of Climb Global Solutions in the fourth quarter worth about $120,000. Cornerstone Investment Partners LLC purchased a new position in Climb Global Solutions during the fourth quarter worth approximately $236,000. SG Americas Securities LLC grew its holdings in Climb Global Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock valued at $245,000 after purchasing an additional 341 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter valued at approximately $250,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $252,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, March 6th.

Climb Global Solutions Stock Down 0.9 %

CLMB opened at $105.51 on Tuesday. The company has a market cap of $486.08 million, a PE ratio of 28.59, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00. The company has a 50-day moving average price of $114.61 and a 200 day moving average price of $120.18.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.64%. Climb Global Solutions’s payout ratio is currently 16.75%.

Insider Activity

In other news, CEO Dale Richard Foster sold 2,000 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the sale, the chief executive officer now owns 82,740 shares of the company’s stock, valued at $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock worth $2,799,426 over the last quarter. 9.60% of the stock is currently owned by corporate insiders.

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.