Raymond James Financial Inc. Buys Shares of 11,432 Climb Global Solutions, Inc. (NASDAQ:CLMB)

Raymond James Financial Inc. purchased a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 11,432 shares of the company’s stock, valued at approximately $1,449,000. Raymond James Financial Inc. owned about 0.25% of Climb Global Solutions at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of Climb Global Solutions in the third quarter worth about $147,000. Martingale Asset Management L P raised its stake in Climb Global Solutions by 8.4% during the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock worth $498,000 after acquiring an additional 388 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in Climb Global Solutions by 74.9% during the third quarter. Jacobs Levy Equity Management Inc. now owns 6,779 shares of the company’s stock valued at $675,000 after purchasing an additional 2,904 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Climb Global Solutions in the third quarter worth approximately $516,000. Finally, State Street Corp increased its stake in shares of Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after purchasing an additional 6,979 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Insider Activity at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00. Following the completion of the transaction, the chief executive officer now directly owns 90,027 shares of the company’s stock, valued at approximately $11,156,145.84. This represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the sale, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,764 shares of company stock valued at $2,799,426. Corporate insiders own 9.60% of the company’s stock.

Climb Global Solutions Trading Down 0.2 %

NASDAQ CLMB opened at $110.58 on Wednesday. Climb Global Solutions, Inc. has a 12 month low of $49.70 and a 12 month high of $145.00. The stock has a market cap of $509.44 million, a PE ratio of 29.97, a P/E/G ratio of 1.74 and a beta of 1.18. The stock’s 50 day moving average is $122.46 and its 200 day moving average is $119.47.

Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.61%. Climb Global Solutions’s dividend payout ratio is 16.75%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an “outperform” rating and issued a $136.00 price target on shares of Climb Global Solutions in a research note on Thursday, March 6th.

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.