Proficio Capital Partners LLC Invests $1.38 Million in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Proficio Capital Partners LLC purchased a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,901 shares of the company’s stock, valued at approximately $1,382,000. Proficio Capital Partners LLC owned about 0.24% of Climb Global Solutions at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Climb Global Solutions during the third quarter worth about $38,000. MeadowBrook Investment Advisors LLC bought a new stake in shares of Climb Global Solutions during the fourth quarter worth about $120,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Climb Global Solutions during the third quarter worth about $126,000. Quantbot Technologies LP acquired a new position in shares of Climb Global Solutions in the third quarter worth approximately $147,000. Finally, SG Americas Securities LLC lifted its stake in shares of Climb Global Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after acquiring an additional 341 shares during the period. 49.72% of the stock is currently owned by institutional investors.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $131.86 on Friday. The stock’s 50 day moving average is $126.62 and its 200 day moving average is $115.93. The firm has a market cap of $607.48 million, a P/E ratio of 35.73, a P/E/G ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a one year low of $49.69 and a one year high of $144.99.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Wall Street Analysts Forecast Growth

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

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.