Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) Insider Sells 8,117 Shares of Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) insider Charles Edward Bass sold 8,117 shares of the firm’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the sale, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Climb Global Solutions Stock Up 0.4 %

Shares of NASDAQ:CLMB opened at $111.66 on Friday. The firm has a fifty day moving average of $126.12 and a two-hundred day moving average of $117.07. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The firm has a market capitalization of $514.42 million, a P/E ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

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

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System acquired a new stake in shares of Climb Global Solutions during the 3rd quarter valued at about $38,000. Summit Investment Advisors Inc. lifted its stake in Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock valued at $56,000 after acquiring an additional 97 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock valued at $60,000 after acquiring an additional 318 shares during the last quarter. State of Wyoming bought a new stake in Climb Global Solutions in the fourth quarter worth approximately $64,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth $120,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

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.