Jump Financial LLC Takes Position in Climb Global Solutions, Inc. $CLMB

Key Points

• Jump Financial LLC has invested approximately $320,000 in Climb Global Solutions, acquiring 2,893 shares during the first quarter.
• Climb Global Solutions recently reported $1.39 earnings per share, exceeding analysts' expectations of $0.90, with revenues of $159.28 million for the quarter.
• The company announced a quarterly dividend of $0.17, representing an annualized yield of 0.5%, with a dividend payout ratio of 14.11%.

Jump Financial LLC purchased a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,893 shares of the company's stock, valued at approximately $320,000. Jump Financial LLC owned 0.06% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of CLMB. Wells Fargo & Company MN increased its position in Climb Global Solutions by 57.5% during the fourth quarter. Wells Fargo & Company MN now owns 2,040 shares of the company's stock worth $259,000 after acquiring an additional 745 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Climb Global Solutions by 200.0% in 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 in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $209,000. Northern Trust Corp boosted its stake in shares of Climb Global Solutions by 0.3% in the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company's stock valued at $6,181,000 after purchasing an additional 137 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Climb Global Solutions by 81.5% in the 4th quarter. Ameriprise Financial Inc. now owns 16,965 shares of the company's stock valued at $2,150,000 after purchasing an additional 7,616 shares in the last quarter. 49.72% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $136.00.

Climb Global Solutions Trading Down 2.1%

NASDAQ:CLMB traded down $2.80 during mid-day trading on Friday, hitting $128.61. 43,416 shares of the company's stock were exchanged, compared to its average volume of 51,098. The company has a 50 day simple moving average of $113.45 and a 200-day simple moving average of $110.61. Climb Global Solutions, Inc. has a fifty-two week low of $84.39 and a fifty-two week high of $144.99. The firm has a market capitalization of $594.18 million, a P/E ratio of 26.68, a PEG ratio of 2.09 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly 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 firm had revenue of $159.28 million for the quarter, compared to the consensus estimate of $113.25 million. Climb Global Solutions had a net margin of 3.82% and a return on equity of 29.16%. As a group, analysts expect that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Climb Global Solutions's payout ratio is 14.11%.

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.