Arrowstreet Capital Limited Partnership Makes New Investment in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Arrowstreet Capital Limited Partnership bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,756 shares of the company's stock, valued at approximately $476,000. Arrowstreet Capital Limited Partnership owned about 0.08% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. MeadowBrook Investment Advisors LLC acquired a new position in shares of Climb Global Solutions in the fourth quarter valued at approximately $120,000. Cornerstone Investment Partners LLC purchased a new position in Climb Global Solutions during the 4th quarter worth $236,000. SG Americas Securities LLC lifted its stake in shares of Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after acquiring 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 about $250,000. Finally, D.A. Davidson & CO. acquired a new position in shares of Climb Global Solutions during the fourth quarter worth about $252,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, March 6th.

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Climb Global Solutions Stock Performance

NASDAQ:CLMB traded up $1.14 during trading hours on Tuesday, hitting $107.04. The company's stock had a trading volume of 20,597 shares, compared to its average volume of 27,266. Climb Global Solutions, Inc. has a 52-week low of $49.70 and a 52-week high of $145.00. The business's 50-day moving average is $116.66 and its two-hundred day moving average is $119.81. The company has a market capitalization of $493.13 million, a PE ratio of 29.01, a PEG ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were issued a $0.17 dividend. The ex-dividend date 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 dividend payout ratio is presently 16.75%.

Insider Activity at Climb Global Solutions

In other Climb Global Solutions news, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Charles Edward Bass sold 8,117 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares of the company's stock, valued at $3,216,520.32. This trade represents a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,764 shares of company stock worth $2,799,426 over the last 90 days. Company insiders own 9.60% of the company's stock.

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.