Victory Capital Management Inc. Sells 627 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Victory Capital Management Inc. lessened its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,659 shares of the company’s stock after selling 627 shares during the quarter. Victory Capital Management Inc.’s holdings in Climb Global Solutions were worth $2,654,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in shares of Climb Global Solutions in the 3rd quarter worth about $38,000. SG Americas Securities LLC bought a new stake in Climb Global Solutions during the 3rd quarter valued at about $159,000. Lazard Asset Management LLC lifted its holdings in Climb Global Solutions by 82.1% during the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after buying an additional 1,319 shares in the last quarter. Rhumbline Advisers lifted its holdings in Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after buying an additional 237 shares in the last quarter. Finally, Acuitas Investments LLC lifted its holdings in Climb Global Solutions by 136.4% during the 2nd quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock valued at $327,000 after buying an additional 3,000 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Shares of CLMB opened at $139.88 on Friday. Climb Global Solutions, Inc. has a 1-year low of $46.81 and a 1-year high of $141.88. The company has a 50-day moving average of $107.94 and a 200 day moving average of $82.19. The firm has a market capitalization of $644.85 million, a price-to-earnings ratio of 37.91, a PEG ratio of 2.06 and a beta of 1.06.

Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions’s dividend payout ratio (DPR) is 18.43%.

Wall Street Analyst Weigh In

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

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.