Albert D Mason Inc. Has $1.75 Million Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Albert D Mason Inc. lessened its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 59.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,561 shares of the company's stock after selling 25,340 shares during the period. Climb Global Solutions comprises approximately 1.1% of Albert D Mason Inc.'s investment portfolio, making the stock its 26th largest holding. Albert D Mason Inc. owned 0.38% of Climb Global Solutions worth $1,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wasatch Advisors LP raised its holdings in Climb Global Solutions by 41.8% during the first quarter. Wasatch Advisors LP now owns 146,298 shares of the company's stock worth $10,370,000 after acquiring an additional 43,095 shares in the last quarter. Vanguard Group Inc. increased its position in Climb Global Solutions by 3.4% during the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company's stock worth $15,871,000 after buying an additional 7,447 shares during the last quarter. Choreo LLC acquired a new position in Climb Global Solutions during the second quarter worth approximately $4,491,000. Lazard Asset Management LLC increased its position in Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company's stock worth $207,000 after buying an additional 1,319 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Climb Global Solutions by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company's stock worth $2,510,000 after buying an additional 919 shares during the last quarter. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Stock Performance

NASDAQ CLMB traded down $1.64 during trading on Wednesday, reaching $104.35. 24,210 shares of the company's stock were exchanged, compared to its average volume of 18,122. The business has a 50 day moving average price of $95.59 and a 200-day moving average price of $74.04. The stock has a market capitalization of $478.44 million, a P/E ratio of 40.45, a PEG ratio of 2.97 and a beta of 1.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.10 and a quick ratio of 1.09. Climb Global Solutions, Inc. has a fifty-two week low of $40.63 and a fifty-two week high of $110.06.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.48 by $0.35. Climb Global Solutions had a return on equity of 18.92% and a net margin of 3.73%. The company had revenue of $92.08 million for the quarter, compared to the consensus estimate of $97.27 million. Sell-side analysts forecast that Climb Global Solutions, Inc. will post 3.28 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 16th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Friday, August 16th. Climb Global Solutions's payout ratio is 26.36%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and set a $90.00 price target on shares of Climb Global Solutions in a research report on Thursday, October 10th.

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.