Herald Investment Management Ltd Has $4.82 Million Stock Holdings in Climb Global Solutions, Inc. $CLMB

Key Points

• Herald Investment Management Ltd has increased its stake in Climb Global Solutions by 12.5%, now owning approximately $4.82 million worth, or 45,000 shares of the company's stock.
• Climb Global Solutions reported $1.39 earnings per share (EPS) for the latest quarter, exceeding analysts' expectations of $0.90, along with a revenue of $159.28 million.
• The company declared a quarterly dividend of $0.17, reflecting a 0.5% yield, with a low payout ratio of 14.11% as of the most recent reporting period.

Herald Investment Management Ltd increased its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 12.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 45,000 shares of the company's stock after acquiring an additional 5,000 shares during the quarter. Herald Investment Management Ltd owned about 0.98% of Climb Global Solutions worth $4,815,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank bought a new position in Climb Global Solutions during the 2nd quarter worth approximately $35,000. Banque Transatlantique SA bought a new position in Climb Global Solutions in the first quarter worth approximately $60,000. AlphaQuest LLC bought a new position in Climb Global Solutions in the first quarter worth approximately $78,000. State of Wyoming grew its stake in Climb Global Solutions by 76.8% in the first quarter. State of Wyoming now owns 893 shares of the company's stock valued at $99,000 after acquiring an additional 388 shares during the period. Finally, MeadowBrook Investment Advisors LLC increased its holdings in shares of Climb Global Solutions by 61.1% during the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company's stock valued at $169,000 after acquiring an additional 580 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Trading Up 1.8%

NASDAQ:CLMB opened at $140.00 on Monday. Climb Global Solutions, Inc. has a 12 month low of $88.90 and a 12 month high of $144.99. The firm's 50 day moving average is $124.44 and its 200 day moving average is $112.55. The stock has a market capitalization of $646.38 million, a PE ratio of 29.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.49. The business had revenue of $159.28 million during the quarter, compared to the consensus estimate of $113.25 million. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%. Research analysts predict that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

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

Analyst Upgrades and Downgrades

CLMB has been the topic of a number of recent research reports. Barrington Research reiterated an "outperform" rating and issued a $136.00 target price on shares of Climb Global Solutions in a report on Thursday, September 11th. Weiss Ratings reissued a "buy (b)" rating on shares of Climb Global Solutions in a research report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $136.00.

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.

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