Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 112.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,088 shares of the company's stock after acquiring an additional 8,530 shares during the period. JPMorgan Chase & Co. owned approximately 0.35% of Climb Global Solutions worth $2,039,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC purchased a new position in shares of Climb Global Solutions in the fourth quarter valued at $120,000. Cornerstone Investment Partners LLC purchased a new position in Climb Global Solutions during the 4th quarter valued at about $236,000. SG Americas Securities LLC raised its position in Climb Global Solutions by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after acquiring an additional 341 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter valued at about $250,000. Finally, D.A. Davidson & CO. acquired a new stake in shares of Climb Global Solutions in the fourth quarter valued at approximately $252,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director Andrew S. Bryant sold 2,604 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was 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 $765,428. This represents a 29.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dale Richard Foster sold 2,000 shares of Climb Global Solutions stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the transaction, the chief executive officer now owns 82,740 shares in the company, valued at $9,139,460.40. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,764 shares of company stock valued at $2,799,426 over the last quarter. Company insiders own 9.60% of the company's stock.

Climb Global Solutions Stock Down 1.9 %

Shares of CLMB traded down $2.00 during trading hours on Wednesday, reaching $105.40. 35,199 shares of the company traded hands, compared to its average volume of 28,449. The stock has a market capitalization of $485.58 million, a PE ratio of 28.56, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The stock has a fifty day simple moving average of $111.79 and a 200 day simple moving average of $120.09. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. Research analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is 16.75%.

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.