Barclays PLC Grows Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Barclays PLC boosted its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 59.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,597 shares of the company’s stock after acquiring an additional 3,189 shares during the period. Barclays PLC owned 0.19% of Climb Global Solutions worth $856,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CLMB. Rhumbline Advisers grew its stake in Climb Global Solutions by 5.9% during the 2nd 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. SG Americas Securities LLC purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $159,000. Lakewood Asset Management LLC grew its stake in Climb Global Solutions by 6.6% during the 3rd quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock valued at $982,000 after acquiring an additional 608 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $38,000. Finally, Pinnacle Associates Ltd. grew its stake in Climb Global Solutions by 66.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,298 shares in the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $129.70 on Thursday. The firm has a 50 day simple moving average of $128.53 and a 200-day simple moving average of $101.41. Climb Global Solutions, Inc. has a 1-year low of $48.71 and a 1-year high of $142.50. The stock has a market cap of $597.53 million, a price-to-earnings ratio of 35.15, a price-to-earnings-growth ratio of 1.92 and a beta of 1.14.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.52%. Climb Global Solutions’s dividend payout ratio (DPR) is 18.43%.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, December 12th.

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.