Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock Holdings Lifted by De Lisle Partners LLP

De Lisle Partners LLP lifted its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 24.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 194,280 shares of the company's stock after acquiring an additional 37,747 shares during the period. Climb Global Solutions makes up approximately 3.1% of De Lisle Partners LLP's portfolio, making the stock its 5th largest position. De Lisle Partners LLP owned approximately 4.21% of Climb Global Solutions worth $19,272,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company's stock worth $15,871,000 after purchasing an additional 7,447 shares during the last quarter. Choreo LLC purchased a new stake in Climb Global Solutions in the second quarter worth approximately $4,491,000. Herald Investment Management Ltd boosted its holdings in Climb Global Solutions by 3.0% in the second quarter. Herald Investment Management Ltd now owns 40,000 shares of the company's stock worth $2,447,000 after purchasing an additional 1,159 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Climb Global Solutions by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company's stock worth $2,510,000 after purchasing an additional 919 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Climb Global Solutions by 314.5% in the third quarter. Royce & Associates LP now owns 35,919 shares of the company's stock worth $3,575,000 after purchasing an additional 27,254 shares during the last quarter. Institutional investors own 49.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their target price on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an "outperform" rating in a report on Tuesday, November 12th.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock traded down $2.35 on Thursday, hitting $133.92. 23,321 shares of the company's stock were exchanged, compared to its average volume of 20,345. The company has a 50-day simple moving average of $110.44 and a 200-day simple moving average of $83.88. The stock has a market capitalization of $617.37 million, a PE ratio of 36.29, a PEG ratio of 2.07 and a beta of 1.06. Climb Global Solutions, Inc. has a 1 year low of $46.81 and a 1 year high of $142.50.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions's dividend payout ratio is presently 18.43%.

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.