Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster Sells 2,000 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 2,000 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the sale, the chief executive officer now directly owns 82,740 shares of the company’s stock, valued at $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dale Richard Foster also recently made the following trade(s):

• On Tuesday, March 11th, Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Price Performance

Shares of CLMB stock opened at $118.07 on Thursday. Climb Global Solutions, Inc. has a 1-year low of $49.70 and a 1-year high of $145.00. The firm’s 50-day simple moving average is $125.15 and its 200-day simple moving average is $117.80. The firm has a market cap of $543.95 million, a P/E ratio of 32.00, a PEG ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s payout ratio is currently 16.75%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, March 6th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP lifted its position in shares of 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 purchasing an additional 27,254 shares in the last quarter. Foundry Partners LLC raised its holdings in Climb Global Solutions by 0.9% in the third quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock valued at $3,551,000 after acquiring an additional 330 shares in the last quarter. Navellier & Associates Inc. bought a new position in Climb Global Solutions during the 3rd quarter valued at $322,000. Harvest Fund Management Co. Ltd acquired a new position in Climb Global Solutions during the 3rd quarter worth $126,000. Finally, Quantbot Technologies LP bought a new stake in shares of Climb Global Solutions in the 3rd quarter worth about $147,000. 49.72% of the stock is owned by institutional investors and hedge funds.

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.