Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) Insider Sells 8,117 Shares of Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) insider Charles Edward Bass sold 8,117 shares of the firm’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 directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Climb Global Solutions Stock Performance

CLMB traded down $2.35 during midday trading on Wednesday, reaching $118.65. 27,287 shares of the company were exchanged, compared to its average volume of 25,006. The stock has a market capitalization of $546.62 million, a P/E ratio of 32.15, a PEG ratio of 1.74 and a beta of 1.18. The stock’s 50-day simple moving average is $126.56 and its 200 day simple moving average is $117.10. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Climb Global Solutions

Large investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Climb Global Solutions by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock worth $303,000 after purchasing an additional 96 shares in the last quarter. Summit Investment Advisors Inc. lifted its holdings in Climb Global Solutions by 28.3% during 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. Northern Trust Corp grew its stake in Climb Global Solutions by 0.3% in the fourth quarter. Northern Trust Corp now owns 48,768 shares of the company’s stock valued at $6,181,000 after acquiring an additional 137 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after acquiring an additional 251 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Climb Global Solutions by 3.5% in the fourth quarter. Barclays PLC now owns 8,897 shares of the company’s stock worth $1,128,000 after acquiring an additional 300 shares in the last quarter. Institutional investors 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.