Arrowstreet Capital Limited Partnership Buys New Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Arrowstreet Capital Limited Partnership bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 3,756 shares of the company's stock, valued at approximately $476,000. Arrowstreet Capital Limited Partnership owned about 0.08% of Climb Global Solutions at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Climb Global Solutions by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock valued at $29,496,000 after buying an additional 5,195 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Climb Global Solutions by 1.0% during the 3rd 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 last quarter. Choreo LLC grew its stake 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 during the period. State Street Corp lifted its position in Climb Global Solutions by 12.5% during 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 during the period. Finally, Royce & Associates LP grew its position in Climb Global Solutions by 40.9% in the 4th quarter. Royce & Associates LP now owns 50,601 shares of the company's stock worth $6,414,000 after purchasing an additional 14,682 shares during the period. Institutional investors own 49.72% of the company's stock.

Insider Transactions at Climb Global Solutions

In related news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 value of $220,920.00. Following the completion of the sale, the chief executive officer now owns 82,740 shares of the company's stock, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,764 shares of company stock worth $2,799,426 in the last 90 days. 9.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

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

Climb Global Solutions Stock Down 1.1 %

NASDAQ:CLMB traded down $1.22 on Thursday, hitting $104.75. The stock had a trading volume of 5,008 shares, compared to its average volume of 27,339. The business's 50-day simple moving average is $115.84 and its two-hundred day simple moving average is $119.63. The stock has a market cap of $482.56 million, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 52-week low of $49.70 and a 52-week high of $145.00.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were given a $0.17 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.65%. Climb Global Solutions's payout ratio is presently 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.