Albert D Mason Inc. Sells 4,191 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Albert D Mason Inc. lowered its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 23.9% in the fourth quarter, HoldingsChannel.com reports. The firm owned 13,370 shares of the company’s stock after selling 4,191 shares during the quarter. Climb Global Solutions comprises approximately 1.1% of Albert D Mason Inc.’s holdings, making the stock its 25th biggest holding. Albert D Mason Inc.’s holdings in Climb Global Solutions were worth $1,695,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CLMB. De Lisle Partners LLP grew its holdings in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after purchasing an additional 37,747 shares in the last quarter. Royce & Associates LP grew its stake in Climb Global Solutions by 314.5% during the third quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after buying an additional 27,254 shares in the last quarter. Pinnacle Associates Ltd. increased its holdings in Climb Global Solutions by 66.8% in the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company’s stock valued at $1,814,000 after buying an additional 7,298 shares during the period. State Street Corp increased its holdings in Climb Global Solutions by 12.5% in 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 during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Climb Global Solutions by 309.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company’s stock valued at $752,000 after buying an additional 5,711 shares in the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

Analyst Ratings Changes

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

Climb Global Solutions Stock Performance

Shares of CLMB opened at $130.17 on Friday. 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 cap of $600.08 million, a price-to-earnings ratio of 35.28, a PEG ratio of 1.71 and a beta of 1.14. The business’s fifty day moving average is $129.07 and its 200-day moving average is $102.26.

Climb Global Solutions Dividend Announcement

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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

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.