Victory Capital Management Inc. Increases Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Victory Capital Management Inc. increased its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,699 shares of the company’s stock after purchasing an additional 3,040 shares during the period. Victory Capital Management Inc. owned approximately 0.64% of Climb Global Solutions worth $3,764,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at $120,000. Harvest Fund Management Co. Ltd purchased a new stake in Climb Global Solutions during the third quarter valued at $126,000. Quantbot Technologies LP bought a new position in Climb Global Solutions in the third quarter valued at about $147,000. Kovitz Investment Group Partners LLC purchased a new position in Climb Global Solutions in the third quarter worth about $222,000. Finally, Virtu Financial LLC purchased a new position in Climb Global Solutions in the third quarter worth about $228,000. Institutional investors own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

Climb Global Solutions Stock Performance

NASDAQ CLMB opened at $111.66 on Friday. The business’s fifty day moving average is $125.80 and its 200 day moving average is $117.37. The company has a market capitalization of $514.42 million, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be given a $0.17 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.61%. Climb Global Solutions’s payout ratio is currently 16.75%.

Insider Transactions at Climb Global Solutions

In other news, CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value of $929,400.00. Following the transaction, the chief executive officer now owns 90,027 shares of the company’s stock, valued at approximately $11,156,145.84. The trade was a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the transaction, the director now directly owns 11,261 shares of the company’s stock, valued at $1,413,255.50. This trade represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 20,764 shares of company stock valued at $2,578,506 over the last three months. Corporate insiders own 9.60% of the company’s stock.

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.