Martingale Asset Management L P Grows Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Martingale Asset Management L P increased its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 8.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,007 shares of the company’s stock after buying an additional 388 shares during the period. Martingale Asset Management L P’s holdings in Climb Global Solutions were worth $498,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. New York State Teachers Retirement System bought a new stake in Climb Global Solutions during the third quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions in the third quarter worth $147,000. SG Americas Securities LLC bought a new position in Climb Global Solutions in the third quarter valued at $159,000. Finally, Navellier & Associates Inc. purchased a new stake in Climb Global Solutions during the third quarter valued at about $322,000. Institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research increased their price objective on Climb Global Solutions from $90.00 to $136.00 and gave the company an “outperform” rating in a research report on Tuesday, November 12th.

Climb Global Solutions Stock Performance

CLMB stock opened at $136.90 on Wednesday. Climb Global Solutions, Inc. has a one year low of $48.16 and a one year high of $142.50. The company’s 50 day moving average price is $112.65 and its two-hundred day moving average price is $85.77. The company has a market capitalization of $631.11 million, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.50%. Climb Global Solutions’s payout ratio is 18.43%.

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.