Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Purchased by Foundry Partners LLC

Foundry Partners LLC raised its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 0.9% in the 3rd quarter, Holdings Channel reports. The fund owned 35,675 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Foundry Partners LLC’s holdings in Climb Global Solutions were worth $3,551,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLMB. Choreo LLC purchased a new position in Climb Global Solutions in the 2nd quarter valued at approximately $4,491,000. Royce & Associates LP increased its stake in Climb Global Solutions by 314.5% in the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock valued at $3,575,000 after purchasing an additional 27,254 shares in the last quarter. Vanguard Group Inc. increased its stake in Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after purchasing an additional 7,447 shares in the last quarter. Pinnacle Associates Ltd. increased its stake in Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after purchasing an additional 7,298 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in Climb Global Solutions by 17.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock valued at $2,292,000 after purchasing an additional 3,463 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Barrington Research increased 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 NASDAQ:CLMB opened at $136.55 on Friday. The business’s fifty day moving average price is $106.98 and its two-hundred day moving average price is $81.45. The stock has a market cap of $629.50 million, a PE ratio of 37.01, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. Climb Global Solutions, Inc. has a one year low of $46.74 and a one year high of $141.88.

Climb Global Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio (DPR) 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.