JPMorgan Chase & Co. Has $2.04 Million Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

JPMorgan Chase & Co. lifted its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 112.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 16,088 shares of the company's stock after buying an additional 8,530 shares during the quarter. JPMorgan Chase & Co. owned about 0.35% of Climb Global Solutions worth $2,039,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp grew its position in Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company's stock worth $6,240,000 after acquiring an additional 6,979 shares in the last quarter. Barclays PLC lifted its stake in shares of Climb Global Solutions by 59.0% in the 3rd quarter. Barclays PLC now owns 8,597 shares of the company's stock valued at $856,000 after purchasing an additional 3,189 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Climb Global Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company's stock worth $9,173,000 after purchasing an additional 881 shares in the last quarter. Virtu Financial LLC acquired a new position in Climb Global Solutions during the third quarter worth $228,000. Finally, Franklin Resources Inc. acquired a new stake in shares of Climb Global Solutions in the third quarter worth about $302,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday.

Insiders Place Their Bets

In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the transaction, the insider now directly owns 25,792 shares of the company's stock, valued at $3,216,520.32. The trade was a 23.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the sale, the director now directly owns 11,261 shares of the company's stock, valued at $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 sold a total of 22,764 shares of company stock valued at $2,799,426 in the last quarter. Insiders own 9.60% of the company's stock.

Climb Global Solutions Stock Down 1.7 %

Shares of NASDAQ:CLMB traded down $1.86 during trading on Monday, reaching $107.28. The stock had a trading volume of 45,309 shares, compared to its average volume of 28,195. The stock has a fifty day simple moving average of $112.88 and a two-hundred day simple moving average of $120.27. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The firm has a market capitalization of $494.24 million, a price-to-earnings ratio of 29.07, a P/E/G ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.63%. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

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.