Rhumbline Advisers Has $593,000 Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Rhumbline Advisers increased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 10.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,678 shares of the company’s stock after buying an additional 439 shares during the period. Rhumbline Advisers owned 0.10% of Climb Global Solutions worth $593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its holdings in Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock valued at $1,230,000 after acquiring an additional 9,698 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock worth $752,000 after purchasing an additional 5,711 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in Climb Global Solutions during the 4th quarter valued at approximately $250,000. State Street Corp grew its holdings in Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after buying an additional 6,979 shares during the last quarter. Finally, Barclays PLC increased its position in Climb Global Solutions by 59.0% in the 3rd quarter. Barclays PLC now owns 8,597 shares of the company’s stock worth $856,000 after buying an additional 3,189 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Stock Performance

NASDAQ:CLMB opened at $131.86 on Friday. The firm’s 50-day moving average is $126.62 and its 200-day moving average is $115.93. The company has a market cap of $607.48 million, a price-to-earnings ratio of 35.73, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 52-week low of $49.69 and a 52-week high of $144.99.

Climb Global Solutions Dividend Announcement

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

Analysts Set New Price Targets

Separately, Barrington Research restated 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.