Insider Selling: 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 business’s stock in a transaction that occurred 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 directly owns 6,274 shares in the company, valued at approximately $765,428. This represents a 29.33 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Climb Global Solutions Price Performance

Climb Global Solutions stock 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 company’s 50-day moving average is $126.12 and its 200 day moving average is $117.07. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be paid 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 is currently 16.75%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds have recently bought and sold shares of CLMB. De Lisle Partners LLP lifted its position in shares of Climb Global Solutions by 24.1% during the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after purchasing an additional 37,747 shares during the last quarter. Royce & Associates LP increased its stake in Climb Global Solutions by 314.5% in the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after buying an additional 27,254 shares during the period. Sowell Financial Services LLC bought a new stake in Climb Global Solutions during the 4th quarter valued at about $1,489,000. Raymond James Financial Inc. bought a new stake in Climb Global Solutions during the 4th quarter valued at about $1,449,000. Finally, Proficio Capital Partners LLC purchased a new stake in Climb Global Solutions in the 4th quarter valued at about $1,382,000. Institutional investors own 49.72% of the company’s stock.

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.