JPMorgan Chase & Co. Grows Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

JPMorgan Chase & Co. grew its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 309.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,558 shares of the company's stock after buying an additional 5,711 shares during the quarter. JPMorgan Chase & Co. owned 0.16% of Climb Global Solutions worth $752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLMB. New York State Teachers Retirement System bought a new position in Climb Global Solutions during the 3rd quarter valued at $38,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Climb Global Solutions in the third quarter valued at about $126,000. Quantbot Technologies LP bought a new position in shares of Climb Global Solutions during the third quarter valued at about $147,000. SG Americas Securities LLC purchased a new position in Climb Global Solutions during the third quarter worth about $159,000. Finally, Kovitz Investment Group Partners LLC bought a new stake in Climb Global Solutions in the 3rd quarter worth about $222,000. 49.72% of the stock is owned by institutional investors.

Climb Global Solutions Stock Down 4.5 %

CLMB stock traded down $5.93 during midday trading on Monday, hitting $126.76. The company's stock had a trading volume of 35,428 shares, compared to its average volume of 28,108. The stock has a market cap of $583.98 million, a price-to-earnings ratio of 34.35, a PEG ratio of 1.86 and a beta of 1.14. The stock's 50-day moving average price is $130.37 and its 200 day moving average price is $105.90. Climb Global Solutions, Inc. has a 1 year low of $49.69 and a 1 year high of $142.50.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is currently 18.43%.

Wall Street Analysts Forecast Growth

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

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.