Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) Insider Sells $1,012,271.07 in 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 shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the transaction, the insider now directly owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This represents a 23.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Climb Global Solutions Stock Performance

Climb Global Solutions stock opened at $111.66 on Friday. The firm has a market cap 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 1 year low of $49.70 and a 1 year high of $145.00. The firm’s 50 day moving average price is $126.12 and its two-hundred day moving average price is $117.07.

Climb Global Solutions Announces Dividend

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

Institutional Investors Weigh In On Climb Global Solutions

Hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the 3rd quarter worth about $38,000. Summit Investment Advisors Inc. increased its position 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 acquiring an additional 97 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Climb Global Solutions by 200.0% during 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 period. State of Wyoming purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at approximately $64,000. Finally, MeadowBrook Investment Advisors LLC acquired a new position in Climb Global Solutions in the 4th quarter worth approximately $120,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $136.00 price objective 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.