Harvest Fund Management Co. Ltd Purchases Shares of 1,276 Climb Global Solutions, Inc. (NASDAQ:CLMB)

Harvest Fund Management Co. Ltd acquired a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 1,276 shares of the company’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Navellier & Associates Inc. acquired a new position in Climb Global Solutions during the 3rd quarter worth $322,000. Foundry Partners LLC grew its position in Climb Global Solutions by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock valued at $3,551,000 after buying an additional 330 shares in the last quarter. Royce & Associates LP increased its stake in Climb Global Solutions by 314.5% during the 3rd 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 during the period. Janney Montgomery Scott LLC raised its position in shares of Climb Global Solutions by 17.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock worth $2,292,000 after buying an additional 3,463 shares in the last quarter. Finally, Pinnacle Associates Ltd. lifted its stake in shares of Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock worth $1,814,000 after acquiring an additional 7,298 shares during the period. 49.72% of the stock is owned by institutional investors.

Climb Global Solutions Price Performance

NASDAQ CLMB opened at $133.92 on Thursday. Climb Global Solutions, Inc. has a 12 month low of $46.81 and a 12 month high of $142.50. The company has a market capitalization of $617.37 million, a P/E ratio of 36.29, a PEG ratio of 2.07 and a beta of 1.06. The company’s 50 day simple moving average is $109.67 and its 200 day simple moving average is $83.52.

Climb Global Solutions Dividend Announcement

The business also recently disclosed 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 of this dividend was Friday, November 8th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.51%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 18.43%.

Analyst Ratings Changes

Separately, Barrington Research lifted their price target on Climb Global Solutions from $90.00 to $136.00 and gave the company an “outperform” rating in a research 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.