Alps Advisors Inc. Makes New $356,000 Investment in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Alps Advisors Inc. bought a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,210 shares of the company's stock, valued at approximately $356,000. Alps Advisors Inc. owned approximately 0.07% of Climb Global Solutions as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Summit Investment Advisors Inc. lifted its stake in Climb Global Solutions by 28.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after buying an additional 97 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after buying an additional 318 shares during the last quarter. State of Wyoming acquired a new stake in shares of Climb Global Solutions during the 4th quarter worth approximately $64,000. MeadowBrook Investment Advisors LLC raised its position in Climb Global Solutions by 61.1% in the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock valued at $169,000 after purchasing an additional 580 shares during the period. Finally, Price T Rowe Associates Inc. MD purchased a new stake in Climb Global Solutions in the fourth quarter valued at approximately $209,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Climb Global Solutions

In other Climb Global Solutions news, Director Greg Scorziello sold 5,767 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $100.63, for a total value of $580,333.21. Following the completion of the transaction, the director owned 1,774 shares in the company, valued at $178,517.62. This represents a 76.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a research report on Tuesday, May 13th.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock traded down $2.32 during trading hours on Thursday, reaching $103.32. 41,975 shares of the company were exchanged, compared to its average volume of 42,627. Climb Global Solutions, Inc. has a 1 year low of $59.85 and a 1 year high of $145.00. The stock's fifty day moving average is $106.90 and its 200 day moving average is $114.18. The firm has a market cap of $475.27 million, a PE ratio of 19.21, a PEG ratio of 1.71 and a beta of 0.95.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its 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). The firm had revenue of $138.04 million for the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a return on equity of 28.34% and a net margin of 3.83%. Research analysts expect that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 0.66%. Climb Global Solutions's dividend payout ratio is presently 15.93%.

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.