Charles Edward Bass Sells 8,117 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) insider Charles Edward Bass sold 8,117 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the transaction, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This trade represents a 23.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Climb Global Solutions Trading Down 1.9 %

Shares of Climb Global Solutions stock traded down $2.35 during trading on Wednesday, reaching $118.65. The stock had a trading volume of 27,287 shares, compared to its average volume of 25,006. The company has a market capitalization of $546.62 million, a price-to-earnings ratio of 32.15, a P/E/G ratio of 1.74 and a beta of 1.18. The stock has a fifty day moving average price of $126.56 and a two-hundred day moving average price of $117.10. 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s payout ratio is 16.75%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Climb Global Solutions

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of 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 increased its stake in Climb Global Solutions by 24.1% in the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock valued at $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 4th quarter. Wasatch Advisors LP now owns 122,723 shares of the company’s stock worth $15,555,000 after buying an additional 1,645 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Climb Global Solutions by 11.5% during the 4th quarter. Invesco Ltd. now owns 95,199 shares of the company’s stock worth $12,066,000 after buying an additional 9,853 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Climb Global Solutions by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock valued at $9,173,000 after acquiring an additional 881 shares in the last quarter. 49.72% of the stock is owned by institutional investors.

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.