Sowell Financial Services LLC Buys New Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Sowell Financial Services LLC bought a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,747 shares of the company’s stock, valued at approximately $1,489,000. Sowell Financial Services LLC owned approximately 0.25% of Climb Global Solutions as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its holdings in Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after purchasing an additional 251 shares in the last quarter. Foundry Partners LLC raised its holdings in Climb Global Solutions by 0.9% in the third quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock worth $3,551,000 after purchasing an additional 330 shares in the last quarter. SG Americas Securities LLC raised its holdings in Climb Global Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after purchasing an additional 341 shares in the last quarter. New York State Teachers Retirement System bought a new position in Climb Global Solutions in the third quarter worth $38,000. Finally, Martingale Asset Management L P raised its holdings in Climb Global Solutions by 8.4% in the third quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock worth $498,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Wall Street Analyst Weigh In

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

Climb Global Solutions Trading Down 6.3 %

CLMB opened at $123.55 on Tuesday. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a market cap of $569.19 million, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The stock has a fifty day simple moving average of $126.67 and a two-hundred day simple moving average of $116.89.

Climb Global Solutions Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be paid a $0.17 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.55%. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

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.