Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

Climb Global Solutions, Inc. (NASDAQ:CLMB) was the recipient of a significant increase in short interest in September. As of September 30th, there was short interest totalling 30,200 shares, an increase of 28.5% from the September 15th total of 23,500 shares. Based on an average daily trading volume, of 27,700 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and set a $90.00 price target on shares of Climb Global Solutions in a research report on Thursday, October 10th.

Climb Global Solutions Stock Up 0.6 %

Shares of Climb Global Solutions stock traded up $0.68 on Tuesday, reaching $107.71. The company’s stock had a trading volume of 26,404 shares, compared to its average volume of 17,831. The company has a market capitalization of $493.85 million, a price-to-earnings ratio of 41.75, a P/E/G ratio of 2.89 and a beta of 1.06. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01. Climb Global Solutions has a 52 week low of $40.63 and a 52 week high of $109.19. The firm’s fifty day simple moving average is $92.92 and its two-hundred day simple moving average is $72.70.

Climb Global Solutions (NASDAQ:CLMB) last released its quarterly earnings data on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.48 by $0.35. Climb Global Solutions had a return on equity of 18.92% and a net margin of 3.73%. The company had revenue of $92.08 million during the quarter, compared to the consensus estimate of $97.27 million. Equities analysts anticipate that Climb Global Solutions will post 3.28 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 16th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, August 16th. This represents a $0.68 annualized dividend and a dividend yield of 0.63%. Climb Global Solutions’s payout ratio is 26.36%.

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new stake in Climb Global Solutions during the 3rd quarter valued at $159,000. Lazard Asset Management LLC increased its position in Climb Global Solutions by 82.1% during the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after acquiring an additional 1,319 shares during the last quarter. Rhumbline Advisers lifted its holdings in Climb Global Solutions by 5.9% in the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares during the period. Acuitas Investments LLC boosted its position in Climb Global Solutions by 136.4% in the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock worth $327,000 after purchasing an additional 3,000 shares during the last quarter. Finally, Quadrature Capital Ltd increased its position in shares of Climb Global Solutions by 27.8% during the 1st quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock valued at $400,000 after purchasing an additional 1,228 shares during the last quarter. Hedge funds and other institutional investors own 49.72% 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.