Aptus Capital Advisors LLC Purchases New Shares in 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 bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLMB. Summit Investment Advisors Inc. boosted its holdings in shares of Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock worth $56,000 after buying an additional 97 shares in the last quarter. Tower Research Capital LLC TRC boosted 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 in the last quarter. State of Wyoming bought a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $64,000. MeadowBrook Investment Advisors LLC boosted its holdings in shares of Climb Global Solutions by 61.1% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock worth $169,000 after buying an additional 580 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions during the 1st quarter worth approximately $202,000. 49.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB traded up $6.21 during trading on Friday, reaching $123.86. 38,329 shares of the stock were exchanged, compared to its average volume of 71,242. Climb Global Solutions, Inc. has a 1-year low of $84.39 and a 1-year high of $144.99. The stock has a fifty day moving average of $108.97 and a two-hundred day moving average of $110.86. The firm has a market cap of $571.86 million, a price-to-earnings ratio of 25.70, a price-to-earnings-growth ratio of 2.01 and a beta of 1.01.

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

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Monday, August 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Monday, August 11th. Climb Global Solutions's dividend payout ratio is presently 14.11%.

Climb Global Solutions 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.