Tower Research Capital LLC TRC Buys 245 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Tower Research Capital LLC TRC raised its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 94.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 505 shares of the company’s stock after acquiring an additional 245 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Climb Global Solutions were worth $28,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Pinnacle Associates Ltd. purchased a new position in shares of Climb Global Solutions in the 3rd quarter valued at approximately $773,000. Bank of New York Mellon Corp boosted its holdings in shares of Climb Global Solutions by 14.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 37,404 shares of the company’s stock valued at $1,609,000 after buying an additional 4,656 shares in the last quarter. Strs Ohio grew its position in shares of Climb Global Solutions by 177.8% in the 3rd quarter. Strs Ohio now owns 2,500 shares of the company’s stock worth $107,000 after buying an additional 1,600 shares during the period. Punch & Associates Investment Management Inc. grew its position in shares of Climb Global Solutions by 16.0% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 168,966 shares of the company’s stock worth $7,267,000 after buying an additional 23,279 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Climb Global Solutions in the 3rd quarter worth about $95,000. 49.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CMO Charles Edward Bass sold 500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $65.05, for a total value of $32,525.00. Following the transaction, the chief marketing officer now directly owns 37,097 shares of the company’s stock, valued at approximately $2,413,159.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Charles Edward Bass sold 500 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $65.05, for a total transaction of $32,525.00. Following the sale, the chief marketing officer now directly owns 37,097 shares of the company’s stock, valued at $2,413,159.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dale Richard Foster sold 3,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $65.49, for a total value of $229,215.00. Following the completion of the transaction, the chief executive officer now directly owns 102,092 shares of the company’s stock, valued at approximately $6,686,005.08. The disclosure for this sale can be found here. Corporate insiders own 9.70% of the company’s stock.

Climb Global Solutions Stock Down 0.4 %

Shares of Climb Global Solutions stock traded down $0.25 during midday trading on Friday, hitting $58.84. The company had a trading volume of 10,267 shares, compared to its average volume of 9,891. The company has a 50 day moving average of $67.13 and a 200 day moving average of $57.10. The stock has a market capitalization of $270.66 million, a P/E ratio of 22.81, a P/E/G ratio of 2.02 and a beta of 0.98. Climb Global Solutions, Inc. has a 52-week low of $37.67 and a 52-week high of $73.25. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.06 and a current ratio of 1.07.

Climb Global Solutions (NASDAQ:CLMB) last released its earnings results on Wednesday, May 1st. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.15). The company had revenue of $92.42 million during the quarter, compared to analysts’ expectations of $105.44 million. Climb Global Solutions had a return on equity of 19.38% and a net margin of 3.26%. During the same period in the prior year, the company posted $0.74 earnings per share. On average, equities analysts predict that Climb Global Solutions, Inc. will post 2.92 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Monday, May 13th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.68 annualized dividend and a yield of 1.16%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 26.36%.

Wall Street Analyst Weigh In

Separately, Barrington Research reissued an “outperform” rating and set a $76.00 price objective on shares of Climb Global Solutions in a research note on Tuesday.

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.