Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Sells $319,146.50 in Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the transaction, the director now directly owns 11,261 shares of the company’s stock, valued at $1,413,255.50. The trade was a 18.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Climb Global Solutions Stock Performance

Shares of CLMB traded down $2.35 during midday trading on Wednesday, hitting $118.65. The company had a trading volume of 27,287 shares, compared to its average volume of 25,006. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The firm has a market capitalization of $546.62 million, a P/E ratio of 32.15, a P/E/G ratio of 1.74 and a beta of 1.18. The company’s 50-day simple moving average is $126.56 and its 200-day simple moving average is $117.10.

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 given a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.57%. Climb Global Solutions’s dividend payout ratio (DPR) is presently 16.75%.

Analyst Ratings Changes

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

Institutional Trading of Climb Global Solutions

Hedge funds have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Climb Global Solutions by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock valued at $303,000 after acquiring an additional 96 shares during the period. Summit Investment Advisors Inc. raised its position in shares of Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after purchasing an additional 97 shares during the last quarter. Northern Trust Corp boosted its stake in shares of Climb Global Solutions by 0.3% during the fourth quarter. Northern Trust Corp now owns 48,768 shares of the company’s stock valued at $6,181,000 after acquiring an additional 137 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Climb Global Solutions by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock valued at $1,500,000 after buying an additional 251 shares during the period. Finally, Barclays PLC boosted its holdings in shares of Climb Global Solutions by 3.5% during the fourth quarter. Barclays PLC now owns 8,897 shares of the company’s stock worth $1,128,000 after purchasing an additional 300 shares during the last quarter. 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.