Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Sells $317,688.00 in Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Andrew S. Bryant sold 2,604 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.00, for a total value of $317,688.00. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $765,428. This represents a 29.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Climb Global Solutions Stock Up 0.4 %

Shares of NASDAQ:CLMB opened at $111.66 on Friday. The firm has a 50 day moving average of $126.12 and a 200 day moving average of $117.07. The company has a market capitalization of $514.42 million, a price-to-earnings ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00.

Climb Global Solutions Dividend Announcement

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

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Climb Global Solutions by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company’s stock worth $29,496,000 after purchasing an additional 5,195 shares in the last quarter. De Lisle Partners LLP grew its position in shares of Climb Global Solutions by 24.1% in the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after buying an additional 37,747 shares during the last quarter. Wasatch Advisors LP lifted its position in Climb Global Solutions by 1.4% during the fourth quarter. Wasatch Advisors LP now owns 122,723 shares of the company’s stock valued at $15,555,000 after acquiring an additional 1,645 shares during the last quarter. Invesco Ltd. boosted its stake in Climb Global Solutions by 11.5% in the fourth quarter. Invesco Ltd. now owns 95,199 shares of the company’s stock valued at $12,066,000 after acquiring an additional 9,853 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Climb Global Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after purchasing an additional 881 shares during the last quarter. Institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.