Raymond James Financial Inc. Takes $1.45 Million Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Raymond James Financial Inc. acquired a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,432 shares of the company's stock, valued at approximately $1,449,000. Raymond James Financial Inc. owned 0.25% of Climb Global Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quantbot Technologies LP bought a new stake in Climb Global Solutions in the 3rd quarter valued at $147,000. Martingale Asset Management L P increased its stake in Climb Global Solutions by 8.4% during the third quarter. Martingale Asset Management L P now owns 5,007 shares of the company's stock valued at $498,000 after acquiring an additional 388 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Climb Global Solutions by 74.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,779 shares of the company's stock valued at $675,000 after acquiring an additional 2,904 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of Climb Global Solutions in the 3rd quarter worth approximately $516,000. Finally, State Street Corp raised its stake in shares of Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company's stock valued at $6,240,000 after purchasing an additional 6,979 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Trading Down 3.4 %

NASDAQ:CLMB traded down $3.51 during mid-day trading on Friday, hitting $99.27. The company's stock had a trading volume of 39,495 shares, compared to its average volume of 26,846. The company has a market capitalization of $457.34 million, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The stock has a fifty day moving average of $120.69 and a 200-day moving average of $119.69.

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Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.69%. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

Analyst Ratings Changes

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

Insider Activity at Climb Global Solutions

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the transaction, the director now directly owns 11,261 shares in the company, valued at $1,413,255.50. The trade was a 18.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at $9,139,460.40. This represents a 2.36 % 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 in the last 90 days. 9.60% of the stock is owned by corporate insiders.

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.