Victory Capital Management Inc. Purchases 3,040 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Victory Capital Management Inc. increased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 11.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,699 shares of the company's stock after acquiring an additional 3,040 shares during the quarter. Victory Capital Management Inc. owned about 0.64% of Climb Global Solutions worth $3,764,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. De Lisle Partners LLP grew its holdings in shares of Climb Global Solutions by 24.1% in the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock valued at $19,272,000 after buying an additional 37,747 shares during the period. Geode Capital Management LLC grew its stake in Climb Global Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company's stock valued at $9,173,000 after acquiring an additional 881 shares during the period. Choreo LLC increased its holdings in shares of Climb Global Solutions by 2.7% in the fourth quarter. Choreo LLC now owns 76,828 shares of the company's stock worth $9,725,000 after acquiring an additional 2,002 shares in the last quarter. State Street Corp raised its position in shares of Climb Global Solutions by 12.5% during the third quarter. State Street Corp now owns 62,692 shares of the company's stock worth $6,240,000 after purchasing an additional 6,979 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Climb Global Solutions by 314.5% during the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company's stock valued at $3,575,000 after purchasing an additional 27,254 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

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Analyst Upgrades and Downgrades

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

Climb Global Solutions Stock Up 3.7 %

CLMB traded up $4.16 during trading on Wednesday, hitting $117.55. The company had a trading volume of 21,459 shares, compared to its average volume of 31,707. The company has a market capitalization of $541.57 million, a PE ratio of 31.86, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a one year low of $49.69 and a one year high of $144.99. The firm's 50-day moving average price is $125.28 and its 200 day moving average price is $117.80.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.58%. Climb Global Solutions's payout ratio is presently 16.75%.

Insider Buying and Selling at Climb Global Solutions

In other news, CEO Dale Richard Foster sold 7,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00. Following the transaction, the chief executive officer now directly owns 90,027 shares in the company, valued at $11,156,145.84. The trade was a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Andrew S. Bryant sold 2,604 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $122.00, for a total transaction of $317,688.00. Following the completion of the sale, the director now directly owns 6,274 shares in the company, valued at approximately $765,428. The trade was a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 20,764 shares of company stock worth $2,578,506. Corporate insiders own 9.60% of the company's stock.

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.