Dale Richard Foster Sells 2,000 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now owns 82,740 shares in the company, valued at approximately $9,139,460.40. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Dale Richard Foster also recently made the following trade(s):

• On Tuesday, March 11th, Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Stock Down 1.9 %

NASDAQ:CLMB opened at $115.80 on Friday. The company has a market cap of $533.49 million, a P/E ratio of 31.38, a P/E/G ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The firm’s 50 day moving average is $124.98 and its two-hundred day moving average is $117.79.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Shareholders 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 yield of 0.59%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Hedge Funds Weigh In On Climb Global Solutions

Large investors have recently bought and sold shares of the stock. Summit Investment Advisors Inc. raised its stake in shares of Climb Global Solutions by 28.3% in the 4th 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 period. Tower Research Capital LLC TRC raised its stake in shares of Climb Global Solutions by 200.0% in the 4th 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 position in shares of Climb Global Solutions in the 4th quarter valued at $64,000. MeadowBrook Investment Advisors LLC purchased a new position in shares of Climb Global Solutions in the 4th quarter valued at $120,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Climb Global Solutions in the 3rd quarter valued at $126,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Analyst Ratings Changes

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