4WEALTH Advisors Inc. Buys Shares of 5,904 Climb Global Solutions, Inc. (NASDAQ:CLMB)

4WEALTH Advisors Inc. purchased a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,904 shares of the company's stock, valued at approximately $748,000. 4WEALTH Advisors Inc. owned about 0.13% of Climb Global Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Summit Investment Advisors Inc. boosted its position in shares of Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after acquiring an additional 97 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock valued at $60,000 after purchasing an additional 318 shares in the last quarter. MeadowBrook Investment Advisors LLC bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $120,000. Price T Rowe Associates Inc. MD bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $209,000. Finally, Virtu Financial LLC bought a new position in shares of Climb Global Solutions during the 3rd quarter worth approximately $228,000. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Trading Up 0.7 %

Shares of Climb Global Solutions stock traded up $0.66 during mid-day trading on Friday, reaching $101.27. 37,374 shares of the stock were exchanged, compared to its average volume of 28,705. The company has a market cap of $466.55 million, a price-to-earnings ratio of 27.44, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The firm has a 50-day simple moving average of $111.02 and a 200 day simple moving average of $120.17.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The firm had revenue of $138.04 million during the quarter, compared to the consensus estimate of $96.86 million. Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. On average, research analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Monday, May 12th. Climb Global Solutions's payout ratio is presently 16.75%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and issued a $136.00 price target on shares of Climb Global Solutions in a research report on Thursday, April 24th.

Insider Activity

In other news, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction that occurred on 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, CEO Dale Richard Foster sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00. Following the completion of the transaction, the chief executive officer now owns 90,027 shares of the company's stock, valued at $11,156,145.84. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,764 shares of company stock worth $2,799,426. 9.60% of the stock is owned by corporate insiders.

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.