Foundry Partners LLC Increases Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Foundry Partners LLC lifted its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 0.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,675 shares of the company’s stock after purchasing an additional 330 shares during the quarter. Foundry Partners LLC owned about 0.77% of Climb Global Solutions worth $3,551,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Royce & Associates LP raised its position in Climb Global Solutions by 314.5% during the third quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock valued at $3,575,000 after acquiring an additional 27,254 shares in the last quarter. Janney Montgomery Scott LLC raised its position in Climb Global Solutions by 17.7% during the third quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock valued at $2,292,000 after acquiring an additional 3,463 shares in the last quarter. Pinnacle Associates Ltd. raised its position in Climb Global Solutions by 66.8% during the third quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after acquiring an additional 7,298 shares in the last quarter. New York State Teachers Retirement System purchased a new position in Climb Global Solutions during the third quarter valued at approximately $38,000. Finally, Lakewood Asset Management LLC raised its position in Climb Global Solutions by 6.6% during the third quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock valued at $982,000 after acquiring an additional 608 shares in the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Up 1.8 %

Shares of CLMB opened at $136.55 on Friday. Climb Global Solutions, Inc. has a 12 month low of $46.74 and a 12 month high of $141.88. The stock’s 50 day moving average is $106.98 and its two-hundred day moving average is $81.45. The firm has a market cap of $629.50 million, a P/E ratio of 37.01, a PEG ratio of 2.02 and a beta of 1.06.

Climb Global Solutions Dividend Announcement

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

Analyst Ratings Changes

Separately, Barrington Research lifted their price target 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 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.