De Lisle Partners LLP Purchases 37,747 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

De Lisle Partners LLP grew its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 24.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 194,280 shares of the company’s stock after acquiring an additional 37,747 shares during the period. Climb Global Solutions comprises about 3.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 5th biggest holding. De Lisle Partners LLP’s holdings in Climb Global Solutions were worth $19,272,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLMB. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions in the third quarter valued at $38,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Climb Global Solutions in the 3rd quarter worth about $126,000. Quantbot Technologies LP acquired a new stake in shares of Climb Global Solutions in the 3rd quarter valued at about $147,000. SG Americas Securities LLC bought a new position in shares of Climb Global Solutions during the third quarter worth about $159,000. Finally, Lazard Asset Management LLC lifted its position in shares of Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after purchasing an additional 1,319 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Down 1.7 %

CLMB stock opened at $133.92 on Thursday. The stock’s 50 day simple moving average is $109.67 and its 200 day simple moving average is $83.52. Climb Global Solutions, Inc. has a 12-month low of $46.81 and a 12-month high of $142.50. The firm has a market cap of $617.37 million, a P/E ratio of 36.29, a P/E/G ratio of 2.07 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm 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. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.51%. Climb Global Solutions’s dividend payout ratio (DPR) is 18.43%.

Analyst Ratings Changes

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

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.