Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Wasatch Advisors LP

Wasatch Advisors LP lessened its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 121,078 shares of the company's stock after selling 39,829 shares during the period. Wasatch Advisors LP owned 2.63% of Climb Global Solutions worth $12,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. New York State Teachers Retirement System acquired a new position in shares of Climb Global Solutions during the third quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd acquired a new position in Climb Global Solutions in the 3rd quarter valued at $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions in the 3rd quarter valued at $147,000. SG Americas Securities LLC acquired a new stake in Climb Global Solutions during the 3rd quarter worth $159,000. Finally, Lazard Asset Management LLC grew its holdings in shares of Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company's stock worth $207,000 after buying an additional 1,319 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price target on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an "outperform" rating in a research note on Tuesday, November 12th.

Climb Global Solutions Stock Up 0.5 %

Shares of Climb Global Solutions stock traded up $0.69 on Friday, hitting $134.61. 18,024 shares of the company were exchanged, compared to its average volume of 38,631. Climb Global Solutions, Inc. has a 1-year low of $47.41 and a 1-year high of $142.50. The company has a 50-day moving average price of $111.82 and a 200 day moving average price of $84.99. The stock has a market capitalization of $620.55 million, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

Climb Global Solutions Dividend Announcement

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

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.