Royce & Associates LP Buys 14,682 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Royce & Associates LP boosted its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 40.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,601 shares of the company’s stock after buying an additional 14,682 shares during the period. Royce & Associates LP owned approximately 1.10% of Climb Global Solutions worth $6,414,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CLMB. Sowell Financial Services LLC bought a new position in shares of Climb Global Solutions during the fourth quarter valued at $1,489,000. Raymond James Financial Inc. purchased a new stake in Climb Global Solutions during the 4th quarter valued at about $1,449,000. Proficio Capital Partners LLC bought a new stake in Climb Global Solutions during the 4th quarter valued at about $1,382,000. Victory Capital Management Inc. raised its holdings in Climb Global Solutions by 11.4% in the fourth quarter. Victory Capital Management Inc. now owns 29,699 shares of the company’s stock worth $3,764,000 after buying an additional 3,040 shares during the last quarter. Finally, Cornerstone Investment Partners LLC bought a new position in shares of Climb Global Solutions in the fourth quarter worth approximately $236,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Insider Buying and Selling at Climb Global Solutions

In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the sale, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the firm’s stock in a transaction on Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. This trade represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 20,764 shares of company stock worth $2,578,506. Company insiders own 9.60% of the company’s stock.

Climb Global Solutions Price Performance

CLMB stock opened at $113.39 on Wednesday. The stock has a market capitalization of $522.39 million, a P/E ratio of 30.73, a P/E/G ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 1-year low of $49.70 and a 1-year high of $145.00. The business has a fifty day moving average price of $125.28 and a 200-day moving average price of $117.80.

Climb Global Solutions Dividend Announcement

The firm also recently announced 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. This represents a $0.68 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is 16.75%.

Analyst Upgrades and Downgrades

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

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.