Jane Street Group LLC Sells 2,245 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Jane Street Group LLC lessened its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 42.5% in the third quarter, HoldingsChannel.com reports. The fund owned 3,038 shares of the company’s stock after selling 2,245 shares during the period. Jane Street Group LLC’s holdings in Climb Global Solutions were worth $302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CLMB. Kovitz Investment Group Partners LLC bought a new stake in Climb Global Solutions during the third quarter valued at approximately $222,000. State Street Corp raised its position in shares of Climb Global Solutions by 12.5% during the 3rd 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. Quadrature Capital Ltd bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth $516,000. Jacobs Levy Equity Management Inc. grew its position in Climb Global Solutions by 74.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 6,779 shares of the company’s stock worth $675,000 after acquiring an additional 2,904 shares in the last quarter. Finally, Martingale Asset Management L P increased its stake 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 valued at $498,000 after acquiring an additional 388 shares during the last quarter. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Shares of CLMB opened at $124.32 on Friday. Climb Global Solutions, Inc. has a 1 year low of $48.71 and a 1 year high of $142.50. The stock has a 50 day simple moving average of $127.39 and a two-hundred day simple moving average of $99.51. The firm has a market cap of $572.74 million, a P/E ratio of 33.69, a P/E/G ratio of 1.92 and a beta of 1.14.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

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

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.