Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Royce & Associates LP boosted its stake in shares of Climb Global Solutions by 40.9% during the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company's stock valued at $6,414,000 after acquiring an additional 14,682 shares during the last quarter. Sowell Financial Services LLC acquired a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,489,000. Raymond James Financial Inc. acquired a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,449,000. Proficio Capital Partners LLC purchased a new stake in shares of Climb Global Solutions during the fourth quarter worth about $1,382,000. Finally, Invesco Ltd. raised its position in shares of Climb Global Solutions by 11.5% in the fourth quarter. Invesco Ltd. now owns 95,199 shares of the company's stock valued at $12,066,000 after buying an additional 9,853 shares during the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the transaction, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. This trade represents a 18.42% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Greg Scorziello sold 5,767 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total value of $580,333.21. Following the sale, the director now owns 1,774 shares of the company's stock, valued at $178,517.62. This represents a 76.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,531 shares of company stock valued at $3,379,759. Insiders own 6.10% of the company's stock.

Climb Global Solutions Stock Up 0.8%

Shares of CLMB stock traded up $0.80 during mid-day trading on Friday, hitting $104.20. 131,995 shares of the company's stock were exchanged, compared to its average volume of 34,079. The stock has a market cap of $479.53 million, a price-to-earnings ratio of 28.19, a PEG ratio of 1.74 and a beta of 0.98. Climb Global Solutions, Inc. has a fifty-two week low of $54.91 and a fifty-two week high of $145.00. The stock has a 50-day simple moving average of $105.82 and a two-hundred day simple moving average of $119.26.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly 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 analysts' expectations of $96.86 million. Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. As a group, 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 business also recently declared 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. This represents a $0.68 annualized dividend and a yield of 0.65%. The ex-dividend date was Monday, May 12th. Climb Global Solutions's dividend payout ratio (DPR) is 15.93%.

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.