Charles Schwab Investment Management Inc. Has $1.50 Million Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 2.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,837 shares of the company’s stock after purchasing an additional 251 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.26% of Climb Global Solutions worth $1,500,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MeadowBrook Investment Advisors LLC bought a new stake in shares of Climb Global Solutions during the 4th quarter valued at $120,000. Quantbot Technologies LP acquired a new position in Climb Global Solutions in the third quarter valued at about $147,000. Kovitz Investment Group Partners LLC bought a new stake in Climb Global Solutions during the third quarter worth about $222,000. Virtu Financial LLC acquired a new stake in Climb Global Solutions during the third quarter worth about $228,000. Finally, SG Americas Securities LLC increased its holdings in Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock valued at $245,000 after buying an additional 341 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Insider Transactions at Climb Global Solutions

In other news, Director Andrew S. Bryant sold 2,543 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dale Richard Foster sold 2,000 shares of the firm’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. This trade represents a 2.36 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,764 shares of company stock valued at $2,799,426. 9.60% of the stock is currently owned by insiders.

Climb Global Solutions Stock Performance

Shares of CLMB opened at $109.02 on Friday. Climb Global Solutions, Inc. has a 52-week low of $49.70 and a 52-week high of $145.00. The firm has a market cap of $502.26 million, a price-to-earnings ratio of 29.54, a PEG ratio of 1.74 and a beta of 1.18. The business’s fifty day moving average is $123.37 and its 200-day moving average is $118.95.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions’s payout ratio is 16.75%.

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.