Dynamic Technology Lab Private Ltd Takes $583,000 Position in Climb Global Solutions, Inc. $CLMB

Dynamic Technology Lab Private Ltd bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 5,262 shares of the company’s stock, valued at approximately $583,000. Dynamic Technology Lab Private Ltd owned approximately 0.11% of Climb Global Solutions as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Banque Transatlantique SA bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $60,000. State of Wyoming bought a new position in shares of Climb Global Solutions in the fourth quarter valued at approximately $64,000. AlphaQuest LLC bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $78,000. MeadowBrook Investment Advisors LLC grew its holdings in shares of Climb Global Solutions by 61.1% in the first quarter. MeadowBrook Investment Advisors LLC now owns 1,530 shares of the company’s stock valued at $169,000 after acquiring an additional 580 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $202,000. 49.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a report on Monday, August 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $136.00.

Climb Global Solutions Trading Down 1.2%

Shares of NASDAQ CLMB opened at $125.22 on Wednesday. The stock has a fifty day simple moving average of $114.21 and a two-hundred day simple moving average of $110.73. Climb Global Solutions, Inc. has a 1-year low of $84.39 and a 1-year high of $144.99. The firm has a market cap of $578.52 million, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01.

Climb Global Solutions (NASDAQ:CLMB) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $1.39 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.49. Climb Global Solutions had a return on equity of 29.16% and a net margin of 3.82%.The business had revenue of $159.28 million during the quarter, compared to analyst estimates of $113.25 million. Analysts forecast that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Monday, August 11th were given a dividend of $0.17 per share. The ex-dividend date was Monday, August 11th. This represents a $0.68 annualized dividend and a dividend yield of 0.5%. Climb Global Solutions’s dividend payout ratio is currently 14.11%.

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.