Janney Montgomery Scott LLC Purchases 3,463 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Janney Montgomery Scott LLC increased its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 17.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,030 shares of the company’s stock after purchasing an additional 3,463 shares during the period. Janney Montgomery Scott LLC owned approximately 0.50% of Climb Global Solutions worth $2,292,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in shares of 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 during the last quarter. Choreo LLC bought a new stake in Climb Global Solutions in the second quarter worth $4,491,000. Pinnacle Associates Ltd. boosted its stake in Climb Global Solutions by 66.8% during the third quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock worth $1,814,000 after buying an additional 7,298 shares during the period. SG Americas Securities LLC bought a new position in Climb Global Solutions during the third quarter valued at $159,000. Finally, Lazard Asset Management LLC raised its stake in shares of Climb Global Solutions by 82.1% in 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 during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their price target on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Climb Global Solutions Stock Performance

CLMB opened at $121.16 on Wednesday. The stock’s 50 day moving average price is $101.52 and its 200-day moving average price is $78.53. Climb Global Solutions, Inc. has a one year low of $42.83 and a one year high of $124.23. The stock has a market cap of $558.18 million, a price-to-earnings ratio of 32.83, a P/E/G ratio of 3.30 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.56%. The ex-dividend date is Friday, November 8th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 18.43%.

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.