3,150 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Acquired by Catalyst Capital Advisors LLC

Catalyst Capital Advisors LLC acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,150 shares of the company's stock, valued at approximately $349,000. Catalyst Capital Advisors LLC owned approximately 0.07% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CLMB. Rhumbline Advisers raised its holdings in shares of Climb Global Solutions by 10.4% in the 4th quarter. Rhumbline Advisers now owns 4,678 shares of the company's stock valued at $593,000 after acquiring an additional 439 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $1,382,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Climb Global Solutions by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company's stock valued at $1,500,000 after acquiring an additional 251 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Climb Global Solutions by 11.4% in the 4th quarter. Victory Capital Management Inc. now owns 29,699 shares of the company's stock valued at $3,764,000 after acquiring an additional 3,040 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $1,449,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB traded up $0.73 on Tuesday, hitting $112.24. The company's stock had a trading volume of 58,195 shares, compared to its average volume of 41,059. The company has a 50-day simple moving average of $106.08 and a 200 day simple moving average of $114.80. Climb Global Solutions, Inc. has a 1 year low of $58.13 and a 1 year high of $145.00. The company has a market capitalization of $516.30 million, a PE ratio of 26.29, a PEG ratio of 1.81 and a beta of 0.95.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $138.04 million for the quarter, compared to the consensus estimate 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 expect that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were given a dividend of $0.17 per share. The ex-dividend date was Monday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 0.61%. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.

Analyst Ratings Changes

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

Insider Activity at Climb Global Solutions

In other news, Director Greg Scorziello sold 5,767 shares of the 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 directly owned 1,774 shares in the company, valued at approximately $178,517.62. This represents a 76.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 6.10% of the company's stock.

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.