GAMMA Investing LLC raised its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 20,471.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,880 shares of the company's stock after purchasing an additional 2,866 shares during the period. GAMMA Investing LLC owned 0.06% of Climb Global Solutions worth $319,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after purchasing an additional 97 shares during the period. Tower Research Capital LLC TRC increased its position in Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock valued at $60,000 after purchasing an additional 318 shares during the period. State of Wyoming purchased a new position in Climb Global Solutions during the 4th quarter valued at about $64,000. Price T Rowe Associates Inc. MD purchased a new position in Climb Global Solutions during the 4th quarter valued at about $209,000. Finally, Cornerstone Investment Partners LLC purchased a new position in Climb Global Solutions during the 4th quarter valued at about $236,000. Hedge funds and other institutional investors own 49.72% of the company's stock.
Analyst Ratings Changes
Separately, Barrington Research reissued an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Tuesday, May 13th.
Get Our Latest Report on Climb Global Solutions
Climb Global Solutions Stock Performance
CLMB stock traded down $4.96 on Friday, hitting $99.69. 122,585 shares of the company's stock were exchanged, compared to its average volume of 37,445. Climb Global Solutions, Inc. has a 12-month low of $54.91 and a 12-month high of $145.00. The firm has a 50 day moving average price of $106.18 and a two-hundred day moving average price of $116.80. The stock has a market cap of $458.57 million, a P/E ratio of 23.35, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.03). The company had revenue of $138.04 million for the quarter, compared to analysts' expectations of $96.86 million. Climb Global Solutions had a return on equity of 28.34% and a net margin of 3.83%. Sell-side analysts expect 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 announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend was Monday, May 12th. Climb Global Solutions's dividend payout ratio is presently 15.93%.
Insiders Place Their Bets
In other Climb Global Solutions news, Director Greg Scorziello sold 5,767 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $100.63, for a total transaction of $580,333.21. Following the sale, the director now owns 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 document filed with the Securities & Exchange Commission, which is available at this link. 6.10% of the stock is owned by insiders.
About Climb Global Solutions
(
Free Report)
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.
Further Reading
Before you consider Climb Global Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Climb Global Solutions wasn't on the list.
While Climb Global Solutions currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
