Royce & Associates LP Grows Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Royce & Associates LP lifted its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 314.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,919 shares of the company’s stock after buying an additional 27,254 shares during the quarter. Royce & Associates LP owned approximately 0.78% of Climb Global Solutions worth $3,575,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Climb Global Solutions by 5.9% during the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock worth $266,000 after purchasing an additional 237 shares during the period. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions during the 3rd quarter worth approximately $38,000. Lakewood Asset Management LLC lifted its holdings in Climb Global Solutions by 6.6% during the 3rd quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock worth $982,000 after buying an additional 608 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Climb Global Solutions by 2.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company’s stock valued at $2,510,000 after buying an additional 919 shares during the period. Finally, Ancora Advisors LLC grew its stake in shares of Climb Global Solutions by 4.2% in the first quarter. Ancora Advisors LLC now owns 28,101 shares of the company’s stock worth $1,992,000 after acquiring an additional 1,140 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their target price on Climb Global Solutions from $90.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, November 12th.

Climb Global Solutions Stock Performance

Shares of Climb Global Solutions stock opened at $126.15 on Tuesday. The business has a 50-day simple moving average of $104.14 and a 200-day simple moving average of $80.17. Climb Global Solutions, Inc. has a one year low of $45.79 and a one year high of $126.60. The company has a market cap of $581.55 million, a PE ratio of 34.19, a P/E/G ratio of 1.82 and a beta of 1.06.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

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.