Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Sells 7,500 Shares of Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00. Following the sale, the chief executive officer now owns 90,027 shares in the company, valued at $11,156,145.84. This represents a 7.69 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Climb Global Solutions Stock Performance

Shares of NASDAQ CLMB opened at $111.66 on Friday. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The stock’s 50-day simple moving average is $126.12 and its 200-day simple moving average is $117.07. The firm has a market cap of $514.42 million, a price-to-earnings ratio of 30.26, a PEG ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.61%. Climb Global Solutions’s dividend payout ratio is presently 16.75%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Climb Global Solutions

A number of institutional investors have recently made changes to their positions in CLMB. Summit Investment Advisors Inc. increased its stake in shares of Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after buying an additional 97 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock worth $60,000 after acquiring an additional 318 shares in the last quarter. State of Wyoming bought a new stake in shares of Climb Global Solutions in the 4th quarter worth about $64,000. MeadowBrook Investment Advisors LLC acquired a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $120,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Climb Global Solutions during the third quarter worth about $126,000. 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.