Andrew S. Bryant Sells 2,543 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock

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

Climb Global Solutions Stock Down 6.3 %

Shares of CLMB opened at $111.21 on Friday. The firm’s fifty day moving average is $126.39 and its two-hundred day moving average is $117.11. The stock has a market cap of $512.34 million, a PE ratio of 30.14, 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 Announces Dividend

The company 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 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 dividend yield of 0.61%. Climb Global Solutions’s payout ratio is 16.75%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Climb Global Solutions during the 4th quarter valued at about $722,000. Tidal Investments LLC purchased a new stake in Climb Global Solutions in the 4th quarter valued at about $289,000. State of Wyoming purchased a new stake in Climb Global Solutions in the 4th quarter valued at about $64,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Climb Global Solutions by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock valued at $303,000 after buying an additional 96 shares during the period. Finally, Lazard Asset Management LLC raised its holdings in Climb Global Solutions by 195.2% in the 4th quarter. Lazard Asset Management LLC now owns 10,780 shares of the company’s stock valued at $1,366,000 after buying an additional 7,128 shares during the period. Institutional investors and hedge funds own 49.72% of the company’s stock.

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.