10,901 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 10,901 shares of the company's stock, valued at approximately $1,382,000. Proficio Capital Partners LLC owned about 0.24% of Climb Global Solutions as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. New York State Teachers Retirement System purchased a new position in shares of Climb Global Solutions during the 3rd quarter worth about $38,000. MeadowBrook Investment Advisors LLC purchased a new position in Climb Global Solutions during the fourth quarter worth approximately $120,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Climb Global Solutions during the 3rd quarter valued at $126,000. Quantbot Technologies LP purchased a new position in shares of Climb Global Solutions in the 3rd quarter worth $147,000. Finally, Kovitz Investment Group Partners LLC acquired a new position in Climb Global Solutions in the third quarter valued at $222,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Climb Global Solutions Stock Down 2.1 %

Shares of Climb Global Solutions stock traded down $2.55 during trading hours on Tuesday, hitting $121.00. The company's stock had a trading volume of 46,882 shares, compared to its average volume of 24,922. The business has a fifty day moving average of $126.67 and a 200 day moving average of $116.89. The company has a market capitalization of $557.45 million, a PE ratio of 32.79, a P/E/G ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 1-year low of $49.70 and a 1-year high of $145.00.

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Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Monday, March 17th. Climb Global Solutions's dividend payout ratio is presently 16.75%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday, March 6th.

Climb Global Solutions 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.