Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock Holdings Lowered by Choreo LLC

Choreo LLC lowered its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 11.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,896 shares of the company's stock after selling 8,932 shares during the period. Choreo LLC owned approximately 1.48% of Climb Global Solutions worth $7,520,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CLMB. Summit Investment Advisors Inc. increased its position in shares of Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock worth $56,000 after acquiring an additional 97 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after acquiring an additional 318 shares in the last quarter. State of Wyoming acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $64,000. MeadowBrook Investment Advisors LLC increased its position in shares of Climb Global Solutions by 61.1% in the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock worth $169,000 after acquiring an additional 580 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $209,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Climb Global Solutions Price Performance

Climb Global Solutions stock traded up $0.90 during midday trading on Friday, hitting $99.05. 45,603 shares of the stock were exchanged, compared to its average volume of 78,125. Climb Global Solutions, Inc. has a 1 year low of $59.85 and a 1 year high of $144.99. The firm has a market cap of $455.83 million, a P/E ratio of 23.20, a P/E/G ratio of 1.61 and a beta of 0.95. The company has a 50 day moving average price of $105.72 and a two-hundred day moving average price of $112.83.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The firm had revenue of $138.04 million during the quarter, compared to analysts' expectations of $96.86 million. Climb Global Solutions had a net margin of 3.83% and a return on equity of 28.34%. As a group, analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend was Monday, May 12th. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Friday.

Insider Activity at Climb Global Solutions

In other news, Director Greg Scorziello sold 5,767 shares of Climb Global Solutions stock in a transaction dated 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 directly owned 1,774 shares of the company's stock, valued at approximately $178,517.62. The trade was a 76.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 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.