New York State Teachers Retirement System Takes $38,000 Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 384 shares of the company’s stock, valued at approximately $38,000.

Several other large investors have also recently bought and sold shares of CLMB. Janney Montgomery Scott LLC increased its holdings in shares of Climb Global Solutions by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,882 shares of the company’s stock valued at $1,338,000 after acquiring an additional 1,323 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Climb Global Solutions by 14.1% in the 1st quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock worth $662,000 after acquiring an additional 1,155 shares during the period. Vanguard Group Inc. raised its holdings in shares of Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock worth $15,871,000 after buying an additional 7,447 shares in the last quarter. Quadrature Capital Ltd raised its holdings in shares of Climb Global Solutions by 27.8% in 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, Lazard Asset Management LLC raised its holdings in shares of Climb Global Solutions by 82.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after buying an additional 1,319 shares in the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Price Performance

CLMB stock opened at $120.13 on Tuesday. The business has a fifty day moving average price of $100.90 and a 200 day moving average price of $78.15. Climb Global Solutions, Inc. has a fifty-two week low of $42.83 and a fifty-two week high of $124.00. The stock has a market capitalization of $553.44 million, a price-to-earnings ratio of 32.56, a P/E/G ratio of 3.30 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 11th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.57%. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Wall Street Analyst Weigh In

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

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.