Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Bought by De Lisle Partners LLP

De Lisle Partners LLP grew its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 24.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 194,280 shares of the company’s stock after purchasing an additional 37,747 shares during the quarter. Climb Global Solutions makes up about 3.1% of De Lisle Partners LLP’s investment portfolio, making the stock its 5th biggest position. De Lisle Partners LLP owned 4.21% of Climb Global Solutions worth $19,272,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CLMB. Vanguard Group Inc. grew its holdings in Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after purchasing an additional 7,447 shares during the period. Choreo LLC acquired a new position in shares of Climb Global Solutions in the 2nd quarter valued at $4,491,000. Pinnacle Associates Ltd. grew its stake in shares of Climb Global Solutions by 66.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after buying an additional 7,298 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Climb Global Solutions during the 3rd quarter worth $38,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Climb Global Solutions by 17.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock worth $2,292,000 after buying an additional 3,463 shares during the period. Institutional investors and hedge funds own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research boosted 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 Stock Performance

NASDAQ CLMB opened at $133.92 on Thursday. Climb Global Solutions, Inc. has a one year low of $46.81 and a one year high of $142.50. The company’s 50 day moving average price is $109.67 and its 200 day moving average price is $83.52. The firm has a market capitalization of $617.37 million, a price-to-earnings ratio of 36.29, a PEG ratio of 2.07 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were issued 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 dividend yield of 0.51%. Climb Global Solutions’s payout ratio is 18.43%.

Climb Global Solutions 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.