Inspire Investing LLC Takes Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Inspire Investing LLC bought a new stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,606 shares of the company’s stock, valued at approximately $837,000.

A number of other institutional investors have also modified their holdings of CLMB. Rhumbline Advisers raised its stake in shares of Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after purchasing an additional 237 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Climb Global Solutions during the third quarter worth about $159,000. Lakewood Asset Management LLC raised its stake in Climb Global Solutions by 6.6% during the third quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock worth $982,000 after acquiring an additional 608 shares during the period. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the third quarter worth about $38,000. Finally, Pinnacle Associates Ltd. raised its stake in Climb Global Solutions by 66.8% during the third 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. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Trading Down 1.2 %

Shares of NASDAQ:CLMB opened at $132.69 on Friday. The firm’s 50 day moving average is $130.36 and its two-hundred day moving average is $104.81. Climb Global Solutions, Inc. has a 52 week low of $49.69 and a 52 week high of $142.50. The firm has a market capitalization of $611.70 million, a P/E ratio of 35.96, a PEG ratio of 1.86 and a beta of 1.14.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were paid a $0.17 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.51%. Climb Global Solutions’s payout ratio is currently 18.43%.

Analyst Upgrades and Downgrades

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.

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.