5,700 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,700 shares of the company's stock, valued at approximately $722,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.12% of Climb Global Solutions as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC boosted its stake in shares of Climb Global Solutions by 138,542.9% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock worth $1,230,000 after acquiring an additional 9,698 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $476,000. Raymond James Financial Inc. acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $1,449,000. Proficio Capital Partners LLC acquired a new stake in shares of Climb Global Solutions in the fourth quarter worth $1,382,000. Finally, Vanguard Group Inc. boosted its position in shares of Climb Global Solutions by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock worth $29,496,000 after buying an additional 5,195 shares during the period. 49.72% of the stock is owned by institutional investors.

Insider Activity at Climb Global Solutions

In related news, Director Greg Scorziello sold 5,767 shares of Climb Global Solutions stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the sale, the director now directly owns 1,774 shares of the company's stock, valued at $178,517.62. This trade represents a 76.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the sale, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. This trade represents a 23.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,531 shares of company stock valued at $3,379,759. Insiders own 6.10% of the company's stock.

Analysts Set New Price Targets

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

Climb Global Solutions Stock Up 1.9%

Shares of Climb Global Solutions stock traded up $2.01 during midday trading on Friday, hitting $105.41. The company's stock had a trading volume of 145,738 shares, compared to its average volume of 34,349. The firm has a market capitalization of $485.10 million, a P/E ratio of 28.57, a PEG ratio of 1.74 and a beta of 0.98. The stock has a 50-day simple moving average of $105.71 and a 200-day simple moving average of $119.06. Climb Global Solutions, Inc. has a 1-year low of $54.91 and a 1-year high of $145.00.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The business had revenue of $138.04 million during the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. As a group, sell-side 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, May 16th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a yield of 0.65%. Climb Global Solutions's payout ratio is 15.93%.

About Climb Global Solutions

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.