BNP Paribas Financial Markets Sells 344 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

BNP Paribas Financial Markets decreased its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 5.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,299 shares of the company’s stock after selling 344 shares during the period. BNP Paribas Financial Markets owned 0.14% of Climb Global Solutions worth $627,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Choreo LLC bought a new stake in shares of Climb Global Solutions during the 2nd quarter valued at about $4,491,000. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions in the third quarter valued at approximately $38,000. Pinnacle Associates Ltd. lifted its position in Climb Global Solutions by 66.8% during the third 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 during the last quarter. Janney Montgomery Scott LLC grew 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 worth $2,292,000 after buying an additional 3,463 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Climb Global Solutions in the 3rd quarter worth $159,000. Institutional investors own 49.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a research report on Thursday.

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $131.50 on Friday. The company has a market capitalization of $605.82 million, a P/E ratio of 35.64, a PEG ratio of 2.05 and a beta of 1.13. Climb Global Solutions, Inc. has a fifty-two week low of $48.67 and a fifty-two week high of $142.50. The stock has a 50 day moving average price of $118.59 and a two-hundred day moving average price of $89.72.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. 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.