Martingale Asset Management L P Has $837,000 Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Martingale Asset Management L P lifted its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 31.9% in the fourth quarter, HoldingsChannel reports. The firm owned 6,605 shares of the company’s stock after purchasing an additional 1,598 shares during the period. Martingale Asset Management L P’s holdings in Climb Global Solutions were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp lifted its stake in Climb Global Solutions by 12.5% during the third quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after buying an additional 6,979 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in shares of Climb Global Solutions during the third quarter valued at approximately $222,000. Barclays PLC lifted its position in shares of Climb Global Solutions by 59.0% in the 3rd quarter. Barclays PLC now owns 8,597 shares of the company’s stock valued at $856,000 after acquiring an additional 3,189 shares in the last quarter. Geode Capital Management LLC boosted its stake in Climb Global Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after purchasing an additional 881 shares during the period. Finally, Virtu Financial LLC purchased a new position in Climb Global Solutions during the 3rd quarter worth approximately $228,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Insider Activity at Climb Global Solutions

In other Climb Global Solutions news, CEO Dale Richard Foster sold 7,500 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value of $929,400.00. Following the completion of the sale, the chief executive officer now owns 90,027 shares in the company, valued at $11,156,145.84. This represents a 7.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the business’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the transaction, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,764 shares of company stock valued at $2,799,426. Corporate insiders own 9.60% of the company’s stock.

Climb Global Solutions Trading Up 1.1 %

Shares of Climb Global Solutions stock opened at $105.25 on Friday. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The stock has a 50-day moving average price of $117.07 and a 200 day moving average price of $119.61. The company has a market cap of $484.89 million, a P/E ratio of 28.52, a P/E/G ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.65%. The ex-dividend date was Monday, March 17th. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a report on Thursday, March 6th.

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.