Renaissance Technologies LLC Grows Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Renaissance Technologies LLC lifted its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 182,596 shares of the company’s stock after acquiring an additional 200 shares during the quarter. Renaissance Technologies LLC owned approximately 3.98% of Climb Global Solutions worth $11,469,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CLMB. Lazard Asset Management LLC increased its holdings in Climb Global Solutions by 82.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after purchasing an additional 1,319 shares during the period. Rhumbline Advisers raised its holdings in shares of Climb Global Solutions by 5.9% in the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares in the last quarter. Acuitas Investments LLC grew its holdings in Climb Global Solutions by 136.4% during the 2nd quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock worth $327,000 after acquiring an additional 3,000 shares in the last quarter. Quadrature Capital Ltd increased its position in Climb Global Solutions by 27.8% during the 1st quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock valued at $400,000 after purchasing an additional 1,228 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in shares of Climb Global Solutions by 51.1% in the 4th quarter. BNP Paribas Financial Markets now owns 8,061 shares of the company’s stock valued at $442,000 after purchasing an additional 2,725 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and set a $90.00 price objective on shares of Climb Global Solutions in a research note on Wednesday, August 21st.

Climb Global Solutions Trading Down 0.9 %

CLMB opened at $99.14 on Monday. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01. The firm has a market cap of $454.56 million, a price-to-earnings ratio of 38.43, a PEG ratio of 2.56 and a beta of 1.06. Climb Global Solutions, Inc. has a 12 month low of $40.63 and a 12 month high of $103.62. The stock has a fifty day moving average price of $81.71 and a 200-day moving average price of $68.93.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.48 by $0.35. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. The business had revenue of $92.08 million during the quarter, compared to analyst estimates of $97.27 million. As a group, equities research analysts anticipate that Climb Global Solutions, Inc. will post 3.28 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Investors of record on Friday, August 16th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a yield of 0.69%. Climb Global Solutions’s payout ratio is 26.36%.

Climb Global Solutions 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.