Raymond James Financial Inc. Invests $1.45 Million in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Raymond James Financial Inc. acquired a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,432 shares of the company's stock, valued at approximately $1,449,000. Raymond James Financial Inc. owned 0.25% of Climb Global Solutions at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of Climb Global Solutions during the fourth quarter valued at approximately $120,000. Virtu Financial LLC bought a new stake in shares of Climb Global Solutions during the 3rd quarter valued at $228,000. Cornerstone Investment Partners LLC bought a new position in shares of Climb Global Solutions in the 4th quarter worth about $236,000. SG Americas Securities LLC lifted its position in Climb Global Solutions by 21.4% during the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock valued at $245,000 after acquiring an additional 341 shares during the period. Finally, Flagship Harbor Advisors LLC bought a new stake in Climb Global Solutions during the fourth quarter worth about $250,000. 49.72% of the stock is owned by institutional investors.

Insider Transactions at Climb Global Solutions

In other news, Director Greg Scorziello sold 5,767 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $100.63, for a total transaction 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 trade represents a 76.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the transaction, the chief executive officer now directly owns 82,740 shares of the company's stock, valued at $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock worth $3,379,759 over the last quarter. 9.60% of the stock is currently owned by insiders.

Climb Global Solutions Stock Up 0.2 %

Shares of NASDAQ CLMB traded up $0.16 during trading on Thursday, reaching $103.65. The company had a trading volume of 2,154 shares, compared to its average volume of 28,836. The business's 50-day moving average is $109.88 and its 200 day moving average is $119.92. The stock has a market cap of $475.13 million, a PE ratio of 28.09, a P/E/G ratio of 1.74 and a beta of 1.12. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month 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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The firm had revenue of $138.04 million during the quarter, compared to analysts' expectations of $96.86 million. On average, analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Monday, May 12th. Climb Global Solutions's payout ratio is 15.93%.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, April 24th.

Climb Global Solutions Company 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.