State Street Corp Grows Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

State Street Corp lifted its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 12.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,692 shares of the company’s stock after buying an additional 6,979 shares during the period. State Street Corp owned approximately 1.36% of Climb Global Solutions worth $6,240,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. New York State Teachers Retirement System acquired a new position in shares of Climb Global Solutions in the 3rd quarter worth approximately $38,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of Climb Global Solutions in the 3rd quarter valued at about $126,000. Quantbot Technologies LP acquired a new stake in shares of Climb Global Solutions in the third quarter valued at approximately $147,000. SG Americas Securities LLC purchased a new position in shares of Climb Global Solutions during the third quarter worth about $159,000. Finally, Rhumbline Advisers grew its position in Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after buying an additional 237 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Barrington Research reissued an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a report on Thursday, December 12th.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $126.29 on Friday. Climb Global Solutions, Inc. has a 1 year low of $48.67 and a 1 year high of $142.50. The business has a 50 day moving average price of $123.56 and a 200 day moving average price of $95.19. The company has a market capitalization of $581.82 million, a P/E ratio of 34.22, a P/E/G ratio of 1.92 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.54%. Climb Global Solutions’s dividend payout ratio is currently 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.