Albert D Mason Inc. Sells 4,191 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Albert D Mason Inc. trimmed its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,370 shares of the company's stock after selling 4,191 shares during the period. Climb Global Solutions comprises about 1.1% of Albert D Mason Inc.'s investment portfolio, making the stock its 25th largest holding. Albert D Mason Inc. owned about 0.29% of Climb Global Solutions worth $1,695,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rhumbline Advisers boosted its position in Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company's stock worth $266,000 after acquiring an additional 237 shares during the last quarter. Foundry Partners LLC boosted its holdings in Climb Global Solutions by 0.9% during the third quarter. Foundry Partners LLC now owns 35,675 shares of the company's stock worth $3,551,000 after purchasing an additional 330 shares during the last quarter. New York State Teachers Retirement System bought a new position in Climb Global Solutions in the third quarter valued at $38,000. Martingale Asset Management L P increased its stake in Climb Global Solutions by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company's stock valued at $498,000 after buying an additional 388 shares during the last quarter. Finally, Lakewood Asset Management LLC increased its stake in Climb Global Solutions by 6.6% in the 3rd quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company's stock valued at $982,000 after buying an additional 608 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research restated an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, December 12th.

Climb Global Solutions Price Performance

CLMB stock traded up $3.21 during trading hours on Friday, reaching $130.17. The stock had a trading volume of 21,790 shares, compared to its average volume of 25,400. The stock has a market capitalization of $600.08 million, a PE ratio of 35.28, a price-to-earnings-growth ratio of 1.71 and a beta of 1.14. The stock has a 50-day simple moving average of $129.07 and a 200 day simple moving average of $102.54. Climb Global Solutions, Inc. has a fifty-two week low of $49.69 and a fifty-two week high of $142.50.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a $0.17 dividend. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. Climb Global Solutions's payout ratio is presently 18.43%.

Climb Global Solutions 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.