Nuveen LLC Takes $833,000 Position in Climb Global Solutions, Inc. $CLMB

Nuveen 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 13F filing with the SEC. The institutional investor purchased 7,520 shares of the company's stock, valued at approximately $833,000. Nuveen LLC owned about 0.16% of Climb Global Solutions at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of CLMB. Vanguard Group Inc. boosted its position in shares of Climb Global Solutions by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 240,449 shares of the company's stock worth $26,632,000 after purchasing an additional 7,737 shares during the last quarter. De Lisle Partners LLP raised its stake in shares of Climb Global Solutions by 8.4% in the 1st quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock valued at $24,822,000 after purchasing an additional 17,308 shares during the period. Northern Trust Corp raised 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 during the period. Ameriprise Financial Inc. raised 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 during the period. Finally, Lazard Asset Management LLC increased its position in shares of Climb Global Solutions by 195.2% in the fourth quarter. Lazard Asset Management LLC now owns 10,780 shares of the company's stock valued at $1,366,000 after acquiring an additional 7,128 shares during the last quarter. 49.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Monday, August 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $136.00.

Climb Global Solutions Price Performance

NASDAQ:CLMB traded down $2.80 during trading hours on Friday, reaching $128.61. 43,416 shares of the company were exchanged, compared to its average volume of 51,098. The business has a 50 day moving average of $113.45 and a 200 day moving average of $110.61. Climb Global Solutions, Inc. has a 1-year low of $84.39 and a 1-year high of $144.99. The company has a market capitalization of $594.18 million, a P/E ratio of 26.68, a P/E/G ratio of 2.09 and a beta of 1.01.

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 for the quarter, topping the consensus estimate of $0.90 by $0.49. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%.The firm had revenue of $159.28 million during the quarter, compared to analysts' expectations of $113.25 million. As a group, equities research analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal 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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Monday, August 11th. Climb Global Solutions's dividend payout ratio is presently 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.