Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Purchased by Wasatch Advisors LP

Wasatch Advisors LP lifted its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 41.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 146,298 shares of the company’s stock after purchasing an additional 43,095 shares during the quarter. Wasatch Advisors LP owned about 3.20% of Climb Global Solutions worth $10,370,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CLMB. Tieton Capital Management LLC raised its position in shares of Climb Global Solutions by 32.5% during the 4th quarter. Tieton Capital Management LLC now owns 123,404 shares of the company’s stock worth $6,766,000 after purchasing an additional 30,248 shares during the period. Significant Wealth Partners LLC acquired a new stake in Climb Global Solutions in the 4th quarter valued at approximately $1,148,000. Kovitz Investment Group Partners LLC acquired a new stake in Climb Global Solutions in the 4th quarter valued at approximately $226,000. Merit Financial Group LLC acquired a new stake in Climb Global Solutions in the 4th quarter valued at approximately $218,000. Finally, Janney Montgomery Scott LLC increased its position in Climb Global Solutions by 19.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,559 shares of the company’s stock valued at $963,000 after acquiring an additional 2,836 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed an “outperform” rating and set a $68.00 price target on shares of Climb Global Solutions in a research note on Tuesday, May 28th.

Climb Global Solutions Price Performance

Shares of CLMB traded up $0.27 during trading hours on Tuesday, hitting $62.10. 21,218 shares of the company were exchanged, compared to its average volume of 12,493. The company has a market capitalization of $285.04 million, a PE ratio of 24.07, a PEG ratio of 2.15 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.08. The firm has a fifty day simple moving average of $58.01 and a 200-day simple moving average of $60.09. Climb Global Solutions, Inc. has a one year low of $37.67 and a one year high of $73.25.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Wednesday, May 1st. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.15). The company had revenue of $92.42 million for the quarter, compared to the consensus estimate of $105.44 million. Climb Global Solutions had a return on equity of 18.93% and a net margin of 3.26%. During the same period in the prior year, the business earned $0.74 earnings per share. As a group, sell-side analysts predict that Climb Global Solutions, Inc. will post 2.92 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Monday, May 13th were issued a $0.17 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.10%. Climb Global Solutions’s payout ratio is currently 26.36%.

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.