2 weeks Ago By ABMN Staff
Invesco Ltd. boosted its position in Climb Global Solutions, Inc. ( NASDAQ:CLMB – Free Report ) by 11.
5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,199 shares of the company’s stock after purchasing an additional 9,853 shares during the quarter. Invesco Ltd.
owned approximately 2.07% of Climb Global Solutions worth $12,066,000 at the end of the most recent reporting period. Several other hedge funds have also modified their holdings of the company.
MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the fourth quarter valued at approximately $120,000. Cornerstone Investment Partners LLC acquired a new stake in shares of Climb Global Solutions in the 4th quarter worth $236,000. SG Americas Securities LLC grew its stake 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 worth $245,000 after buying an additional 341 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in Climb Global Solutions during the 4th quarter valued at about $250,000.
Finally, D.A. Davidson & CO.
purchased a new stake in Climb Global Solutions in the fourth quarter valued at about $252,000. 49.72% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Separately, Barrington Research restated an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday, March 6th. Climb Global Solutions Trading Down 0.
9 % NASDAQ:CLMB opened at $105.51 on Tuesday. The firm has a fifty day simple moving average of $114.
61 and a 200-day simple moving average of $120.18. Climb Global Solutions, Inc.
has a 12 month low of $49.70 and a 12 month high of $145.00.
The company has a market capitalization of $486.08 million, a P/E ratio of 28.59, a PEG ratio of 1.
74 and a beta of 1.13. Climb Global Solutions Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, March 21st.
Shareholders of record on Monday, March 17th were paid a dividend of $0.17 per share. The ex-dividend date was Monday, March 17th.
This represents a $0.68 annualized dividend and a yield of 0.64%.
Climb Global Solutions’s payout ratio is presently 16.75%. Insider Activity In other Climb Global Solutions news, CEO Dale Richard Foster sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th.
The shares were sold at an average price of $123.92, for a total transaction of $929,400.00.
Following the completion of the transaction, the chief executive officer now directly owns 90,027 shares of the company’s stock, valued at approximately $11,156,145.84. This trade represents a 7.
69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link . Also, insider Charles Edward Bass sold 8,117 shares of the company’s stock in a transaction on Monday, March 10th.
The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07.
Following the completion of the sale, the insider now directly owns 25,792 shares in the company, valued at $3,216,520.32. This trade represents a 23.
94 % decrease in their ownership of the stock. The disclosure for this sale can be found here . Over the last three months, insiders have sold 22,764 shares of company stock valued at $2,799,426.
Company insiders own 9.60% of the company’s stock. About Climb Global Solutions ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding CLMB? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Climb Global Solutions, Inc. ( NASDAQ:CLMB – Free Report ). Receive News & Ratings for Climb Global Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Climb Global Solutions and related companies with MarketBeat.
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