Quadrature Capital Ltd Invests $516,000 in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Quadrature Capital Ltd acquired a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 5,220 shares of the company's stock, valued at approximately $516,000. Quadrature Capital Ltd owned approximately 0.11% of Climb Global Solutions at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of CLMB. New York State Teachers Retirement System bought a new stake in shares of Climb Global Solutions during the 3rd quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd acquired a new stake in Climb Global Solutions in the third quarter valued at approximately $126,000. Quantbot Technologies LP bought a new stake in shares of Climb Global Solutions during the third quarter worth $147,000. SG Americas Securities LLC acquired a new position in shares of Climb Global Solutions during the third quarter worth $159,000. Finally, Rhumbline Advisers lifted its stake in shares of Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company's stock valued at $266,000 after acquiring an additional 237 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Trading Down 4.3 %

CLMB stock traded down $5.83 during trading on Monday, hitting $129.66. The company had a trading volume of 30,845 shares, compared to its average volume of 20,626. The stock has a market cap of $597.73 million, a PE ratio of 36.72, a PEG ratio of 2.05 and a beta of 1.13. The business has a 50-day moving average of $115.78 and a 200-day moving average of $88.06. Climb Global Solutions, Inc. has a one year low of $48.67 and a one year high of $142.50.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is presently 18.43%.

Analysts Set New Price Targets

Separately, Barrington Research lifted their price target on Climb Global Solutions from $90.00 to $136.00 and gave the company an "outperform" rating in a research note on Tuesday, November 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.