5,262 Shares in Climb Global Solutions, Inc. $CLMB Bought by Dynamic Technology Lab Private Ltd

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 purchased a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,262 shares of the company's stock, valued at approximately $583,000. Dynamic Technology Lab Private Ltd owned approximately 0.11% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CLMB. Banque Transatlantique SA acquired a new stake in Climb Global Solutions during the 1st quarter valued at $60,000. State of Wyoming acquired a new stake in Climb Global Solutions during the 4th quarter valued at $64,000. AlphaQuest LLC acquired a new stake in Climb Global Solutions during the 1st quarter valued at $78,000. MeadowBrook Investment Advisors LLC raised its stake in Climb Global Solutions by 61.1% during the 1st quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock valued at $169,000 after purchasing an additional 580 shares during the period. Finally, Kovitz Investment Group Partners LLC acquired a new stake in Climb Global Solutions during the 1st quarter valued at $202,000. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Stock Performance

Shares of NASDAQ CLMB traded up $1.17 during mid-day trading on Friday, reaching $131.76. The company had a trading volume of 37,437 shares, compared to its average volume of 39,771. Climb Global Solutions, Inc. has a twelve month low of $88.11 and a twelve month high of $144.99. The stock has a market capitalization of $608.73 million, a PE ratio of 27.34, a price-to-earnings-growth ratio of 2.12 and a beta of 1.01. The stock's 50 day moving average is $115.39 and its 200-day moving average is $110.90.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly 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 net margin of 3.82% and a return on equity of 29.16%. The business had revenue of $159.28 million for the quarter, compared to the consensus estimate of $113.25 million. On average, sell-side analysts anticipate 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. Stockholders of record on Monday, August 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. Climb Global Solutions's dividend payout ratio is 14.11%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $136.00.

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.