SG Americas Securities LLC Takes Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

SG Americas Securities LLC bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,595 shares of the company’s stock, valued at approximately $159,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Lazard Asset Management LLC lifted its holdings in Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after purchasing an additional 1,319 shares in the last quarter. Rhumbline Advisers lifted its stake 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 in the last quarter. Acuitas Investments LLC boosted its holdings in Climb Global Solutions by 136.4% in the 2nd quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock worth $327,000 after buying an additional 3,000 shares during the last quarter. Quadrature Capital Ltd increased its stake in Climb Global Solutions by 27.8% during the 1st quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock worth $400,000 after buying an additional 1,228 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in shares of Climb Global Solutions by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock valued at $662,000 after acquiring an additional 1,155 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $90.00 price target on shares of Climb Global Solutions in a research note on Thursday, October 10th.

Climb Global Solutions Trading Down 1.6 %

Shares of CLMB opened at $102.68 on Friday. Climb Global Solutions, Inc. has a 52-week low of $40.63 and a 52-week high of $110.06. The stock has a market cap of $473.35 million, a PE ratio of 34.00, a price-to-earnings-growth ratio of 2.94 and a beta of 1.06. The firm’s fifty day moving average is $96.35 and its two-hundred day moving average is $74.45. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.35. The firm had revenue of $92.08 million for the quarter, compared to analyst estimates of $97.27 million. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. Research analysts forecast that Climb Global Solutions, Inc. will post 3.28 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 22nd. Shareholders of record on Friday, August 16th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date was Friday, August 16th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 22.52%.

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.