Virtu Financial LLC Makes New Investment in Climb Global Solutions, Inc. $CLMB

Key Points

• Virtu Financial LLC has acquired 3,406 shares of Climb Global Solutions, Inc. (NASDAQ:CLMB), valued at approximately $377,000, indicating growing institutional interest in the company.
• Climb Global Solutions reported a quarterly earnings per share (EPS) of $1.39, significantly surpassing analysts’ estimates of $0.90, and had a revenue of $159.28 million.
• The company declared a quarterly dividend of $0.17 per share, with an annualized yield of 0.6% and a payout ratio of 14.11%.

Virtu Financial LLC bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,406 shares of the company's stock, valued at approximately $377,000. Virtu Financial LLC owned approximately 0.07% of Climb Global Solutions as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLMB. De Lisle Partners LLP grew its position in Climb Global Solutions by 8.4% in the first quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock worth $24,822,000 after acquiring an additional 17,308 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Climb Global Solutions during the fourth quarter valued at about $1,449,000. Invesco Ltd. grew its stake in shares of Climb Global Solutions by 11.5% during the fourth 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 during the last quarter. LPL Financial LLC bought a new position in shares of Climb Global Solutions during the fourth quarter valued at about $1,093,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Climb Global Solutions by 112.9% during the fourth quarter. JPMorgan Chase & Co. now owns 16,088 shares of the company's stock valued at $2,039,000 after buying an additional 8,530 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Climb Global Solutions currently has an average rating of "Buy" and a consensus price target of $136.00.

Climb Global Solutions Stock Up 1.7%

Shares of Climb Global Solutions stock traded up $1.99 during trading on Tuesday, reaching $119.58. 15,748 shares of the stock were exchanged, compared to its average volume of 54,039. The stock's fifty day moving average is $107.93 and its 200 day moving average is $110.94. The firm has a market cap of $552.46 million, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.93 and a beta of 1.01. Climb Global Solutions, Inc. has a 1 year low of $84.39 and a 1 year high of $144.99.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.90 by $0.49. Climb Global Solutions had a net margin of 3.82% and a return on equity of 29.16%. The business had revenue of $159.28 million during the quarter, compared to analyst estimates of $113.25 million. Equities analysts forecast that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Monday, August 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Monday, August 11th. Climb Global Solutions's dividend payout ratio (DPR) is presently 14.11%.

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.