Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock Holdings Lessened by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 149,679 shares of the company’s stock after selling 3,038 shares during the quarter. Dimensional Fund Advisors LP owned 3.26% of Climb Global Solutions worth $9,401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in CLMB. Lazard Asset Management LLC raised its position in Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after acquiring an additional 1,319 shares in the last quarter. Rhumbline Advisers raised its position in Climb Global Solutions by 5.9% during the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares in the last quarter. Acuitas Investments LLC grew its holdings in Climb Global Solutions by 136.4% during the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock valued at $327,000 after purchasing an additional 3,000 shares during the last quarter. Quadrature Capital Ltd grew its holdings in Climb Global Solutions by 27.8% during the first quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock valued at $400,000 after purchasing an additional 1,228 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Climb Global Solutions by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock valued at $662,000 after purchasing an additional 1,155 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Up 7.0 %

Shares of Climb Global Solutions stock opened at $103.77 on Tuesday. The company’s fifty day simple moving average is $88.39 and its 200-day simple moving average is $71.22. The company has a market cap of $475.79 million, a price-to-earnings ratio of 40.22, a PEG ratio of 2.62 and a beta of 1.06. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. Climb Global Solutions, Inc. has a 1 year low of $40.63 and a 1 year high of $103.77.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share 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 firm had revenue of $92.08 million for the quarter, compared to the consensus estimate of $97.27 million. As a group, sell-side analysts expect that Climb Global Solutions, Inc. will post 3.28 EPS for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 16th were issued a $0.17 dividend. The ex-dividend date was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.66%. Climb Global Solutions’s dividend payout ratio is 26.36%.

Wall Street Analysts Forecast Growth

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

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.