Martingale Asset Management L P Buys 388 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Martingale Asset Management L P boosted its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 8.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,007 shares of the company’s stock after purchasing an additional 388 shares during the period. Martingale Asset Management L P owned about 0.11% of Climb Global Solutions worth $498,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rhumbline Advisers lifted its position in shares of Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after buying an additional 237 shares during the last quarter. Foundry Partners LLC lifted its holdings in Climb Global Solutions by 0.9% during the third quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock valued at $3,551,000 after purchasing an additional 330 shares during the last quarter. New York State Teachers Retirement System bought a new position in Climb Global Solutions during the third quarter worth about $38,000. Lakewood Asset Management LLC increased its stake in shares of Climb Global Solutions by 6.6% in the third quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock worth $982,000 after purchasing an additional 608 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Climb Global Solutions by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company’s stock valued at $2,510,000 after purchasing an additional 919 shares during the period. 49.72% of the stock is owned by institutional investors.

Climb Global Solutions Stock Performance

NASDAQ:CLMB opened at $136.90 on Wednesday. The business’s fifty day moving average is $112.65 and its 200 day moving average is $85.77. The firm has a market cap of $631.11 million, a price-to-earnings ratio of 36.94, a PEG ratio of 2.07 and a beta of 1.13. Climb Global Solutions, Inc. has a 52-week low of $48.16 and a 52-week high of $142.50.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an “outperform” rating in a report on Tuesday, November 12th.

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.