Invesco Ltd. Has $12.07 Million Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Invesco Ltd. grew its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 11.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 95,199 shares of the company's stock after purchasing an additional 9,853 shares during the period. Invesco Ltd. owned about 2.07% of Climb Global Solutions worth $12,066,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Royce & Associates LP raised its position in shares of Climb Global Solutions by 40.9% during the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company's stock worth $6,414,000 after purchasing an additional 14,682 shares during the period. Sowell Financial Services LLC acquired a new stake in Climb Global Solutions during the 4th quarter worth approximately $1,489,000. Raymond James Financial Inc. bought a new position in Climb Global Solutions in the fourth quarter valued at approximately $1,449,000. Proficio Capital Partners LLC acquired a new position in shares of Climb Global Solutions in the fourth quarter valued at approximately $1,382,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Climb Global Solutions by 138,542.9% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock valued at $1,230,000 after buying an additional 9,698 shares during the period. Institutional investors own 49.72% of the company's stock.

Insider Transactions at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 2,000 shares of Climb Global Solutions stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the sale, the chief executive officer now owns 82,740 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew S. Bryant sold 2,604 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.00, for a total value of $317,688.00. Following the transaction, the director now directly owns 6,274 shares of the company's stock, valued at $765,428. This trade represents a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock valued at $2,799,426 over the last 90 days. 9.60% of the stock is owned by corporate insiders.

Climb Global Solutions Stock Performance

Climb Global Solutions stock traded up $1.39 during midday trading on Friday, reaching $108.98. The stock had a trading volume of 25,015 shares, compared to its average volume of 27,921. The stock has a market capitalization of $502.07 million, a P/E ratio of 29.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The firm's fifty day simple moving average is $113.23 and its 200-day simple moving average is $120.00. Climb Global Solutions, Inc. has a 1-year low of $49.70 and a 1-year high of $145.00.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed 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 of this dividend was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.62%. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

Analyst Ratings Changes

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

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.