Vanguard Group Inc. Boosts Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Vanguard Group Inc. boosted its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 232,712 shares of the company's stock after buying an additional 5,195 shares during the quarter. Vanguard Group Inc. owned approximately 5.05% of Climb Global Solutions worth $29,496,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Royce & Associates LP grew its stake in shares of Climb Global Solutions by 40.9% in the fourth 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 last quarter. Sowell Financial Services LLC acquired a new position in Climb Global Solutions during the 4th quarter worth about $1,489,000. Raymond James Financial Inc. bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $1,449,000. Proficio Capital Partners LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter valued at about $1,382,000. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock worth $1,230,000 after acquiring an additional 9,698 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, CEO Dale Richard Foster sold 7,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the completion of the sale, the chief executive officer now directly owns 90,027 shares of the company's stock, valued at $11,156,145.84. The trade was a 7.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Charles Edward Bass sold 8,117 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the sale, the insider now directly owns 25,792 shares of the company's stock, valued at $3,216,520.32. This trade represents a 23.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,764 shares of company stock valued at $2,799,426 in the last ninety days. 9.60% of the stock is owned by company insiders.

Climb Global Solutions Price Performance

NASDAQ CLMB traded up $0.51 during mid-day trading on Friday, reaching $106.47. 41,722 shares of the stock were exchanged, compared to its average volume of 27,692. The stock has a market cap of $490.51 million, a P/E ratio of 28.85, a P/E/G ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The stock has a 50 day simple moving average of $115.02 and a 200-day simple moving average of $119.92.

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 given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

Climb Global Solutions 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.