BNP Paribas Financial Markets Cuts Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

BNP Paribas Financial Markets lowered its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 91.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 543 shares of the company's stock after selling 5,756 shares during the period. BNP Paribas Financial Markets' holdings in Climb Global Solutions were worth $69,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its stake in shares of Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock valued at $1,230,000 after acquiring an additional 9,698 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth $476,000. Raymond James Financial Inc. acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth $1,449,000. Proficio Capital Partners LLC acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth $1,382,000. Finally, Vanguard Group Inc. increased its position in shares of Climb Global Solutions by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock worth $29,496,000 after buying an additional 5,195 shares during the period. Institutional investors own 49.72% of the company's stock.

Insiders Place Their Bets

In related news, Director Andrew S. Bryant sold 2,543 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Greg Scorziello sold 5,767 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the transaction, the director now owns 1,774 shares in the company, valued at approximately $178,517.62. This trade represents a 76.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,531 shares of company stock worth $3,379,759. 6.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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 Tuesday, May 13th.

Climb Global Solutions Price Performance

Shares of CLMB traded down $4.02 during trading hours on Wednesday, hitting $103.10. 56,488 shares of the stock were exchanged, compared to its average volume of 33,336. Climb Global Solutions, Inc. has a fifty-two week low of $54.79 and a fifty-two week high of $145.00. The business has a 50-day moving average of $106.08 and a 200-day moving average of $119.53. The firm has a market capitalization of $474.47 million, a P/E ratio of 27.94, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly 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 company had revenue of $138.04 million during the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. As a group, analysts forecast that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

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