Royce & Associates LP Grows Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Royce & Associates LP grew its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 314.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,919 shares of the company's stock after acquiring an additional 27,254 shares during the quarter. Royce & Associates LP owned 0.78% of Climb Global Solutions worth $3,575,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of CLMB. Choreo LLC purchased a new stake in Climb Global Solutions during the second quarter valued at $4,491,000. Vanguard Group Inc. raised its position in shares of Climb Global Solutions by 3.4% during the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company's stock valued at $15,871,000 after buying an additional 7,447 shares in the last quarter. Pinnacle Associates Ltd. lifted its holdings in shares of Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company's stock valued at $1,814,000 after acquiring an additional 7,298 shares during the last quarter. Janney Montgomery Scott LLC grew its position in Climb Global Solutions by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company's stock worth $2,292,000 after acquiring an additional 3,463 shares in the last quarter. Finally, Acuitas Investments LLC increased its stake in Climb Global Solutions by 136.4% during the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company's stock worth $327,000 after acquiring an additional 3,000 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research raised their price objective 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.

Climb Global Solutions Stock Performance

NASDAQ CLMB traded up $7.54 on Tuesday, hitting $133.69. 44,875 shares of the stock were exchanged, compared to its average volume of 19,888. Climb Global Solutions, Inc. has a 52-week low of $45.79 and a 52-week high of $134.19. The firm has a market capitalization of $616.31 million, a P/E ratio of 36.23, a P/E/G ratio of 1.82 and a beta of 1.06. The stock has a fifty day moving average price of $105.05 and a two-hundred day moving average price of $80.69.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is currently 18.43%.

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.