Quantbot Technologies LP Invests $147,000 in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Quantbot Technologies LP purchased a new stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 3rd quarter, Holdings Channel reports. The fund purchased 1,480 shares of the company’s stock, valued at approximately $147,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLMB. Vanguard Group Inc. raised its stake in shares of 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 acquiring an additional 7,447 shares during the last quarter. Choreo LLC bought a new position in Climb Global Solutions in the 2nd quarter valued at $4,491,000. Herald Investment Management Ltd boosted its stake in Climb Global Solutions by 3.0% in the second quarter. Herald Investment Management Ltd now owns 40,000 shares of the company’s stock worth $2,447,000 after purchasing an additional 1,159 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Climb Global Solutions by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company’s stock worth $2,510,000 after purchasing an additional 919 shares during the last quarter. Finally, Royce & Associates LP increased its stake in shares of Climb Global Solutions by 314.5% in the third quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock valued at $3,575,000 after buying an additional 27,254 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $135.87 on Friday. The firm has a 50 day simple moving average of $114.28 and a 200 day simple moving average of $86.69. Climb Global Solutions, Inc. has a fifty-two week low of $48.16 and a fifty-two week high of $142.50. The firm has a market cap of $626.36 million, a P/E ratio of 37.06, a P/E/G ratio of 2.07 and a beta of 1.13.

Climb Global Solutions Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.50%. Climb Global Solutions’s payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price target on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

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.