Alps Advisors Inc. Buys Shares of 3,210 Climb Global Solutions, Inc. (NASDAQ:CLMB)

Alps Advisors Inc. bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,210 shares of the company's stock, valued at approximately $356,000. Alps Advisors Inc. owned about 0.07% of Climb Global Solutions as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Climb Global Solutions by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock valued at $29,496,000 after purchasing an additional 5,195 shares during the last quarter. Wasatch Advisors LP raised its stake in Climb Global Solutions by 1.4% during the 4th quarter. Wasatch Advisors LP now owns 122,723 shares of the company's stock valued at $15,555,000 after purchasing an additional 1,645 shares during the last quarter. Invesco Ltd. raised its stake in 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 purchasing an additional 9,853 shares during the last quarter. Royce & Associates LP raised its stake in Climb Global Solutions by 40.9% during the 4th quarter. Royce & Associates LP now owns 50,601 shares of the company's stock valued at $6,414,000 after purchasing an additional 14,682 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Climb Global Solutions by 0.3% during the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company's stock valued at $6,181,000 after purchasing an additional 137 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Greg Scorziello sold 5,767 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $100.63, for a total transaction of $580,333.21. Following the completion of the transaction, the director directly owned 1,774 shares of the company's stock, valued at $178,517.62. This trade represents a 76.48% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price target on shares of Climb Global Solutions in a report on Tuesday, May 13th.

Climb Global Solutions Stock Down 2.4%

NASDAQ:CLMB traded down $2.44 during mid-day trading on Friday, reaching $100.88. 54,940 shares of the company were exchanged, compared to its average volume of 42,912. Climb Global Solutions, Inc. has a 12 month low of $59.85 and a 12 month high of $145.00. The stock has a market cap of $464.25 million, a PE ratio of 23.63, a PEG ratio of 1.64 and a beta of 0.95. The company has a fifty day moving average of $106.74 and a 200 day moving average of $113.75.

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 for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The firm had revenue of $138.04 million during the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a net margin of 3.83% and a return on equity of 28.34%. On average, equities research analysts anticipate that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 0.67%. Climb Global Solutions's dividend payout ratio (DPR) 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.