Albert D Mason Inc. Reduces Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Albert D Mason Inc. lowered its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 59.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,561 shares of the company’s stock after selling 25,340 shares during the period. Climb Global Solutions accounts for approximately 1.1% of Albert D Mason Inc.’s portfolio, making the stock its 26th largest holding. Albert D Mason Inc.’s holdings in Climb Global Solutions were worth $1,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Lakewood Asset Management LLC grew its stake in shares of 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 buying an additional 608 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Climb Global Solutions during the third quarter valued at approximately $159,000. Herald Investment Management Ltd raised its holdings in Climb Global Solutions by 3.0% in the 2nd quarter. Herald Investment Management Ltd now owns 40,000 shares of the company’s stock worth $2,447,000 after acquiring an additional 1,159 shares during the last quarter. Choreo LLC purchased a new position in Climb Global Solutions in the 2nd quarter worth approximately $4,491,000. Finally, Caprock Group LLC grew its position in Climb Global Solutions by 26.8% in the 2nd quarter. Caprock Group LLC now owns 12,030 shares of the company’s stock worth $756,000 after purchasing an additional 2,543 shares during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Down 1.6 %

Shares of CLMB stock opened at $105.99 on Wednesday. The company’s fifty day simple moving average is $95.59 and its two-hundred day simple moving average is $74.04. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.01. The stock has a market cap of $488.61 million, a P/E ratio of 35.10, a PEG ratio of 2.97 and a beta of 1.06. Climb Global Solutions, Inc. has a 52 week low of $40.63 and a 52 week high of $110.06.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.48 by $0.35. The company had revenue of $92.08 million for the quarter, compared to the consensus estimate of $97.27 million. Climb Global Solutions had a net margin of 3.73% and a return on equity of 18.92%. Analysts predict that Climb Global Solutions, Inc. will post 3.28 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Friday, August 16th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, August 16th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.64%. Climb Global Solutions’s dividend payout ratio is presently 22.52%.

Wall Street Analyst Weigh In

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

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.