Summit Global Investments Invests $350,000 in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Summit Global Investments bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,764 shares of the company’s stock, valued at approximately $350,000. Summit Global Investments owned about 0.06% of Climb Global Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLMB. De Lisle Partners LLP lifted its position in Climb Global Solutions by 24.1% during the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock valued at $19,272,000 after purchasing an additional 37,747 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Climb Global Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock valued at $9,173,000 after acquiring an additional 881 shares during the last quarter. Choreo LLC increased its stake in Climb Global Solutions by 2.7% during the fourth quarter. Choreo LLC now owns 76,828 shares of the company’s stock worth $9,725,000 after acquiring an additional 2,002 shares during the last quarter. State Street Corp raised its position in Climb Global Solutions by 12.5% during the third quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after purchasing an additional 6,979 shares during the period. Finally, Royce & Associates LP raised its position in Climb Global Solutions by 40.9% during the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company’s stock valued at $6,414,000 after purchasing an additional 14,682 shares during the period. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Down 1.0 %

Climb Global Solutions stock opened at $116.21 on Tuesday. The firm has a 50-day moving average price of $124.69 and a 200-day moving average price of $118.50. The firm has a market capitalization of $535.38 million, a PE ratio of 31.49, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00.

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 paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions’s payout ratio is currently 16.75%.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday, March 6th.

Insiders Place Their Bets

In related news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the sale, the director now owns 11,261 shares in the company, valued at $1,413,255.50. This trade represents a 18.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dale Richard Foster sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the transaction, the chief executive officer now owns 82,740 shares in the company, valued at $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,764 shares of company stock valued at $2,799,426 over the last 90 days. Insiders own 9.60% of the company’s stock.

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.