Summit Global Investments Takes Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Summit Global Investments bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 2,764 shares of the company's stock, valued at approximately $350,000. Summit Global Investments owned about 0.06% of Climb Global Solutions as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Harvest Fund Management Co. Ltd purchased a new position in Climb Global Solutions during the 3rd quarter worth $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions during the third quarter worth about $147,000. De Lisle Partners LLP grew its position in Climb Global Solutions by 24.1% in the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock worth $19,272,000 after purchasing an additional 37,747 shares in the last quarter. Martingale Asset Management L P increased its stake in Climb Global Solutions by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company's stock valued at $498,000 after buying an additional 388 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake 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 buying an additional 2,904 shares during the last quarter. Institutional investors own 49.72% of the company's stock.

Wall Street Analysts Forecast Growth

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

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Insider Activity

In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the sale, the insider now directly owns 25,792 shares of the company's stock, valued at $3,216,520.32. This represents a 23.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares of the company's stock, valued at $1,413,255.50. The trade was a 18.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,764 shares of company stock valued at $2,799,426 in the last three months. Company insiders own 9.60% of the company's stock.

Climb Global Solutions Stock Performance

NASDAQ:CLMB traded down $0.98 during trading on Friday, reaching $109.02. The company's stock had a trading volume of 18,968 shares, compared to its average volume of 26,417. The firm has a market cap of $502.26 million, a price-to-earnings ratio of 29.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 12 month low of $49.70 and a 12 month high of $145.00. The firm has a 50 day moving average of $123.37 and a 200-day moving average of $118.74.

Climb Global Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.62%. The ex-dividend date was Monday, March 17th. Climb Global Solutions's dividend payout ratio is 16.75%.

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.