Geode Capital Management LLC Buys 881 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Geode Capital Management LLC grew its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,143 shares of the company’s stock after acquiring an additional 881 shares during the quarter. Geode Capital Management LLC’s holdings in Climb Global Solutions were worth $9,173,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC raised its position in Climb Global Solutions by 59.0% in the third quarter. Barclays PLC now owns 8,597 shares of the company’s stock worth $856,000 after purchasing an additional 3,189 shares in the last quarter. Kovitz Investment Group Partners LLC bought a new stake in shares of Climb Global Solutions in the 3rd quarter valued at approximately $222,000. State Street Corp raised its holdings in shares of Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after buying an additional 6,979 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of Climb Global Solutions during the 3rd quarter worth approximately $516,000. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Climb Global Solutions by 74.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,779 shares of the company’s stock valued at $675,000 after buying an additional 2,904 shares in the last quarter. 49.72% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research reiterated an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, December 12th.

Climb Global Solutions Stock Up 0.1 %

Shares of CLMB stock opened at $126.75 on Thursday. The company has a market capitalization of $583.94 million, a P/E ratio of 34.35, a P/E/G ratio of 1.92 and a beta of 1.13. Climb Global Solutions, Inc. has a 12-month low of $48.67 and a 12-month high of $142.50. The firm has a 50-day moving average price of $124.80 and a 200 day moving average price of $96.93.

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 paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio (DPR) is currently 18.43%.

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.