Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

Climb Global Solutions, Inc. (NASDAQ:CLMB) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 31,500 shares, a decline of 5.7% from the August 15th total of 33,400 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 21,200 shares, the short-interest ratio is presently 1.5 days.

Climb Global Solutions Trading Up 1.2 %

Shares of NASDAQ:CLMB opened at $95.77 on Thursday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01. Climb Global Solutions has a 52-week low of $40.63 and a 52-week high of $97.57. The stock has a market cap of $441.50 million, a price-to-earnings ratio of 37.12, a PEG ratio of 2.42 and a beta of 1.06. The business has a 50-day moving average price of $79.53 and a 200-day moving average price of $68.29.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.35. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. The company had revenue of $92.08 million during the quarter, compared to analyst estimates of $97.27 million. Equities analysts predict that Climb Global Solutions will post 3.28 EPS for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.71%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 26.36%.

Institutional Investors Weigh In On Climb Global Solutions

Hedge funds have recently added to or reduced their stakes in the business. Wasatch Advisors LP raised its position in Climb Global Solutions by 1,836.3% during the fourth quarter. Wasatch Advisors LP now owns 103,203 shares of the company’s stock valued at $5,659,000 after acquiring an additional 97,873 shares in the last quarter. Choreo LLC acquired a new stake in shares of Climb Global Solutions during the 2nd quarter valued at about $4,491,000. Tieton Capital Management LLC boosted its position in Climb Global Solutions by 32.5% during the fourth quarter. Tieton Capital Management LLC now owns 123,404 shares of the company’s stock worth $6,766,000 after purchasing an additional 30,248 shares in the last quarter. Vanguard Group Inc. grew its holdings in Climb Global Solutions by 3.4% in the first 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 during the period. Finally, Acuitas Investments LLC increased its position in shares of Climb Global Solutions by 136.4% in the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock valued at $327,000 after buying an additional 3,000 shares in the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $90.00 target price on shares of Climb Global Solutions in a research report on Wednesday, August 21st.

About Climb Global Solutions

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.