Invesco Ltd. Buys 9,853 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Invesco Ltd. increased its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 95,199 shares of the company's stock after acquiring an additional 9,853 shares during the quarter. Invesco Ltd. owned about 2.07% of Climb Global Solutions worth $12,066,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its holdings in shares of 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 buying an additional 745 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Climb Global Solutions during the fourth quarter worth $476,000. JPMorgan Chase & Co. raised its position in Climb Global Solutions by 112.9% in the fourth quarter. JPMorgan Chase & Co. now owns 16,088 shares of the company's stock worth $2,039,000 after purchasing an additional 8,530 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Climb Global Solutions by 2.3% in the 4th 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 in the last quarter. Finally, LPL Financial LLC bought a new position in shares of Climb Global Solutions during the fourth quarter valued at $1,093,000. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Price Performance

Shares of CLMB stock traded up $1.55 during trading hours on Friday, hitting $109.14. 35,006 shares of the company's stock were exchanged, compared to its average volume of 28,032. The stock has a market cap of $502.81 million, a price-to-earnings ratio of 29.58, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00. The stock's 50-day moving average is $112.88 and its 200-day moving average is $120.04.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were given a $0.17 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.62%. Climb Global Solutions's payout ratio is 16.75%.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an "outperform" rating and issued a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday.

Insiders Place Their Bets

In other news, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the transaction, the chief executive officer now owns 82,740 shares of the company's stock, valued at $9,139,460.40. The trade was a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the sale, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 22,764 shares of company stock valued at $2,799,426. 9.60% of the stock is currently owned by insiders.

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.