GAMMA Investing LLC Acquires 2,866 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

GAMMA Investing LLC boosted its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 20,471.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,880 shares of the company's stock after purchasing an additional 2,866 shares during the quarter. GAMMA Investing LLC owned about 0.06% of Climb Global Solutions worth $319,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLMB. Summit Investment Advisors Inc. raised its stake in shares of Climb Global Solutions by 28.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock worth $56,000 after buying an additional 97 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of 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 acquiring an additional 318 shares during the last quarter. State of Wyoming acquired a new position in shares of Climb Global Solutions in the 4th quarter valued at $64,000. Price T Rowe Associates Inc. MD bought a new position in shares of Climb Global Solutions in the 4th quarter worth $209,000. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth $236,000. 49.72% of the stock is owned by institutional investors.

Insider Transactions at Climb Global Solutions

In related news, Director Greg Scorziello sold 5,767 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the completion of the sale, the director now directly owns 1,774 shares of the company's stock, valued at approximately $178,517.62. This represents a 76.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by insiders.

Climb Global Solutions Stock Down 0.4%

NASDAQ CLMB traded down $0.40 during trading on Tuesday, reaching $100.20. 91,874 shares of the stock traded hands, compared to its average volume of 37,817. Climb Global Solutions, Inc. has a fifty-two week low of $54.91 and a fifty-two week high of $145.00. The firm has a market cap of $460.92 million, a price-to-earnings ratio of 23.47, a price-to-earnings-growth ratio of 1.62 and a beta of 0.98. The stock's 50-day moving average price is $106.07 and its 200 day moving average price is $116.42.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS 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 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%. Analysts anticipate that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The firm also recently declared 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Monday, May 12th. Climb Global Solutions's dividend payout ratio is currently 15.93%.

Analyst Upgrades and Downgrades

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

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.