5,904 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Acquired by 4WEALTH Advisors Inc.

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

Several other institutional investors and hedge funds have also bought and sold shares of CLMB. Vanguard Group Inc. increased its holdings in Climb Global Solutions by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock worth $29,496,000 after acquiring an additional 5,195 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Climb Global Solutions by 1.4% in the fourth quarter. Wasatch Advisors LP now owns 122,723 shares of the company's stock worth $15,555,000 after purchasing an additional 1,645 shares in the last quarter. Invesco Ltd. lifted its stake in shares of Climb Global Solutions by 11.5% during the 4th quarter. Invesco Ltd. now owns 95,199 shares of the company's stock valued at $12,066,000 after buying an additional 9,853 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Climb Global Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company's stock worth $9,173,000 after buying an additional 881 shares during the period. Finally, Choreo LLC increased its stake in Climb Global Solutions by 2.7% in the 4th quarter. Choreo LLC now owns 76,828 shares of the company's stock worth $9,725,000 after buying an additional 2,002 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other Climb Global Solutions news, Director Greg Scorziello sold 5,767 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $100.63, for a total value of $580,333.21. Following the sale, the director now owns 1,774 shares in the company, valued at $178,517.62. This trade represents a 76.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the sale, the chief executive officer now owns 90,027 shares of the company's stock, valued at approximately $11,156,145.84. This trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock valued at $3,379,759 in the last three months. Corporate insiders own 9.60% of the company's stock.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock traded down $1.88 on Wednesday, hitting $104.54. 23,181 shares of the company traded hands, compared to its average volume of 28,810. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The business has a 50-day simple moving average of $110.27 and a 200 day simple moving average of $120.04. The stock has a market capitalization of $479.21 million, a P/E ratio of 28.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly 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). Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. The company had revenue of $138.04 million during the quarter, compared to the consensus estimate of $96.86 million. Research analysts expect that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.65%. Climb Global Solutions's dividend payout ratio is currently 15.93%.

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.