Foundry Partners LLC Cuts Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Foundry Partners LLC cut its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,895 shares of the company’s stock after selling 645 shares during the period. Foundry Partners LLC’s holdings in Climb Global Solutions were worth $1,968,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. boosted its stake in Climb Global Solutions by 1.4% during the fourth quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $999,000 after buying an additional 258 shares during the last quarter. Strs Ohio boosted its stake in Climb Global Solutions by 32.0% during the fourth quarter. Strs Ohio now owns 3,300 shares of the company’s stock valued at $180,000 after buying an additional 800 shares during the last quarter. Barclays PLC boosted its stake in Climb Global Solutions by 23.8% during the third quarter. Barclays PLC now owns 4,707 shares of the company’s stock valued at $203,000 after buying an additional 904 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Climb Global Solutions in the 3rd quarter valued at approximately $95,000. Finally, Janney Montgomery Scott LLC lifted its stake in shares of Climb Global Solutions by 28.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 14,723 shares of the company’s stock valued at $633,000 after purchasing an additional 3,241 shares during the last quarter. 49.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research raised their price objective on Climb Global Solutions from $48.00 to $76.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Insider Transactions at Climb Global Solutions

In other news, CMO Charles Edward Bass sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $65.05, for a total value of $32,525.00. Following the sale, the chief marketing officer now directly owns 37,097 shares in the company, valued at $2,413,159.85. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CMO Charles Edward Bass sold 500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $65.05, for a total value of $32,525.00. Following the sale, the chief marketing officer now directly owns 37,097 shares in the company, valued at $2,413,159.85. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Dale Richard Foster sold 3,500 shares of the stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.49, for a total value of $229,215.00. Following the completion of the sale, the chief executive officer now owns 102,092 shares in the company, valued at $6,686,005.08. The disclosure for this sale can be found here. Company insiders own 9.70% of the company’s stock.

Climb Global Solutions Price Performance

NASDAQ:CLMB opened at $65.70 on Tuesday. The firm has a market capitalization of $300.25 million, a price-to-earnings ratio of 24.15, a PEG ratio of 2.25 and a beta of 0.95. Climb Global Solutions, Inc. has a 1 year low of $37.67 and a 1 year high of $73.25. The business has a 50 day simple moving average of $66.15 and a 200-day simple moving average of $55.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.07 and a quick ratio of 1.06.

Climb Global Solutions (NASDAQ:CLMB) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.47. The business had revenue of $106.78 million during the quarter, compared to analyst estimates of $88.99 million. Climb Global Solutions had a return on equity of 20.65% and a net margin of 3.50%. Equities analysts forecast that Climb Global Solutions, Inc. will post 2.92 EPS for the current year.

Climb Global Solutions Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Monday, March 11th were issued a $0.17 dividend. The ex-dividend date was Friday, March 8th. This represents a $0.68 annualized dividend and a dividend yield of 1.04%. Climb Global Solutions’s payout ratio is 25.00%.

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.