Virtu Financial LLC acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,406 shares of the company's stock, valued at approximately $377,000. Virtu Financial LLC owned about 0.07% of Climb Global Solutions at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Sierra Summit Advisors LLC purchased a new stake in Climb Global Solutions in the first quarter valued at about $554,000. Cynosure Group LLC acquired a new position in shares of Climb Global Solutions in the first quarter valued at about $321,000. Vanguard Group Inc. increased its holdings in shares of Climb Global Solutions by 3.3% in the first quarter. Vanguard Group Inc. now owns 240,449 shares of the company's stock valued at $26,632,000 after purchasing an additional 7,737 shares during the period. De Lisle Partners LLP increased its holdings in shares of Climb Global Solutions by 8.4% in the first quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock valued at $24,822,000 after purchasing an additional 17,308 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of Climb Global Solutions by 7.0% in the first quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 6,100 shares of the company's stock valued at $676,000 after purchasing an additional 400 shares during the period. 49.72% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Monday.
Read Our Latest Research Report on Climb Global Solutions
Climb Global Solutions Stock Down 3.8%
Climb Global Solutions stock opened at $123.61 on Friday. The firm has a market cap of $571.08 million, a price-to-earnings ratio of 25.65, a price-to-earnings-growth ratio of 2.08 and a beta of 1.01. Climb Global Solutions, Inc. has a 52 week low of $83.86 and a 52 week high of $144.99. The business's 50-day moving average price is $107.44 and its 200 day moving average price is $111.35.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its earnings results on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.90 by $0.49. The firm had revenue of $159.28 million for the quarter, compared to analyst estimates of $113.25 million. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%. Equities analysts expect that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.
Climb Global Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Monday, August 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Monday, August 11th. Climb Global Solutions's dividend payout ratio (DPR) is 14.11%.
Climb Global Solutions Company Profile
(
Free Report)
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.
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