8,623 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Purchased by LPL Financial LLC

LPL Financial LLC bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,623 shares of the company's stock, valued at approximately $1,093,000. LPL Financial LLC owned approximately 0.19% of Climb Global Solutions as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Summit Global Investments purchased a new position in Climb Global Solutions during the fourth quarter valued at approximately $350,000. Harvest Fund Management Co. Ltd increased its holdings in shares of Climb Global Solutions by 123.2% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,848 shares of the company's stock worth $345,000 after purchasing an additional 1,572 shares during the period. Royce & Associates LP raised its position in shares of Climb Global Solutions by 40.9% in the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company's stock worth $6,414,000 after buying an additional 14,682 shares in the last quarter. Sowell Financial Services LLC bought a new stake in Climb Global Solutions during the fourth quarter valued at $1,489,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $1,449,000. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Stock Up 0.5 %

CLMB opened at $106.47 on Friday. The stock has a market cap of $490.51 million, a PE ratio of 28.85, a P/E/G ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The business's fifty day simple moving average is $115.02 and its 200 day simple moving average is $119.92.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

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 research note on Thursday, March 6th.

Insider Activity

In other Climb Global Solutions news, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,764 shares of company stock valued at $2,799,426. Corporate insiders own 9.60% 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.

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