Dynamic Technology Lab Private Ltd Purchases Shares of 5,262 Climb Global Solutions, Inc. $CLMB

Key Points

• Dynamic Technology Lab Private Ltd has acquired a new stake in Climb Global Solutions, purchasing 5,262 shares valued at approximately $583,000, which represents about 0.11% of the company.
• Climb Global Solutions recently reported $1.39 earnings per share for the last quarter, exceeding expectations of $0.90, and had a revenue of $159.28 million.
• An "outperform" rating has been reaffirmed by Barrington Research for Climb Global Solutions, with a target price set at $136.00, indicating positive sentiment among analysts.

Dynamic Technology Lab Private Ltd bought a new stake 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 fund bought 5,262 shares of the company's stock, valued at approximately $583,000. Dynamic Technology Lab Private Ltd owned 0.11% of Climb Global Solutions at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLMB. Banque Transatlantique SA bought a new stake in Climb Global Solutions during the 1st quarter valued at $60,000. State of Wyoming bought a new stake in Climb Global Solutions during the 4th quarter valued at $64,000. AlphaQuest LLC bought a new position in shares of Climb Global Solutions in the first quarter worth $78,000. MeadowBrook Investment Advisors LLC increased its holdings 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 purchasing an additional 580 shares during the period. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions in the first quarter worth $202,000. Institutional investors own 49.72% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Barrington Research reaffirmed an "outperform" rating and issued a $136.00 price target on shares of Climb Global Solutions in a report on Thursday. One 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 Stock Down 0.8%

NASDAQ:CLMB traded down $1.00 during midday trading on Monday, hitting $130.77. The company had a trading volume of 11,724 shares, compared to its average volume of 52,542. Climb Global Solutions, Inc. has a 52-week low of $88.90 and a 52-week high of $144.99. The stock's fifty day moving average price is $115.39 and its 200-day moving average price is $110.82. The company has a market capitalization of $604.13 million, a PE ratio of 27.13, a P/E/G ratio of 2.14 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $159.28 million during the quarter, compared to analyst estimates of $113.25 million. As a group, research analysts forecast that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

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

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.