Aptus Capital Advisors LLC Acquires Shares of 22,185 Climb Global Solutions, Inc. $CLMB

Key Points

• Aptus Capital Advisors LLC has acquired 22,185 shares of Climb Global Solutions, valued at approximately $2,457,000, representing about 0.48% of the company's stock.
• Climb Global Solutions reported a quarterly earnings per share of $1.39, exceeding analysts' expectations of $0.90, with revenues reaching $159.28 million.
• The company recently announced a quarterly dividend of $0.17 per share, contributing to an annualized yield of 0.6% and a payout ratio of 14.11%.

Aptus Capital Advisors LLC acquired a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 22,185 shares of the company's stock, valued at approximately $2,457,000. Aptus Capital Advisors LLC owned about 0.48% of Climb Global Solutions at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CLMB. Summit Investment Advisors Inc. raised its position in shares of Climb Global Solutions by 28.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after buying an additional 97 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock valued at $60,000 after buying an additional 318 shares during the last quarter. State of Wyoming bought a new stake in shares of Climb Global Solutions during the fourth quarter valued at approximately $64,000. MeadowBrook Investment Advisors LLC raised its position in shares of Climb Global Solutions by 61.1% during the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock valued at $169,000 after buying an additional 580 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new stake in shares of Climb Global Solutions during the first quarter valued at approximately $202,000. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Trading Up 0.5%

Shares of NASDAQ:CLMB traded up $0.63 during trading on Tuesday, reaching $123.22. The company's stock had a trading volume of 31,524 shares, compared to its average volume of 70,873. Climb Global Solutions, Inc. has a 12 month low of $84.39 and a 12 month high of $144.99. The firm's 50 day simple moving average is $109.65 and its two-hundred day simple moving average is $110.80. The stock has a market capitalization of $568.91 million, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.99 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $159.28 million during the quarter, compared to the consensus estimate of $113.25 million. Research analysts anticipate that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

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

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a research report on Monday, August 11th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $136.00.

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.