Andrew E. Clark Sells 4,097 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Rating) CFO Andrew E. Clark sold 4,097 shares of Climb Global Solutions stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $48.74, for a total value of $199,687.78. Following the sale, the chief financial officer now directly owns 32,128 shares in the company, valued at $1,565,918.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Climb Global Solutions Price Performance

CLMB traded up $1.68 during midday trading on Friday, reaching $49.40. 20,424 shares of the company’s stock were exchanged, compared to its average volume of 18,432. The firm has a market capitalization of $224.77 million, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.02. Climb Global Solutions, Inc. has a one year low of $24.65 and a one year high of $55.70. The business has a 50-day simple moving average of $49.63 and a two-hundred day simple moving average of $41.01.

Climb Global Solutions (NASDAQ:CLMB – Get Rating) last announced its quarterly earnings results on Wednesday, March 1st. The company reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.30. The firm had revenue of $88.91 million during the quarter, compared to analysts’ expectations of $84.64 million. Climb Global Solutions had a net margin of 4.12% and a return on equity of 23.25%. As a group, research analysts predict that Climb Global Solutions, Inc. will post 3.02 EPS for the current year.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 15th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Friday, May 12th. Climb Global Solutions’s dividend payout ratio is 23.21%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research lifted their target price on Climb Global Solutions from $40.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oppenheimer Asset Management Inc. bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $494,000. Citigroup Inc. bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $425,000. Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $240,000. FMR LLC bought a new position in shares of Climb Global Solutions in the first quarter valued at approximately $18,478,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Climb Global Solutions in the first quarter valued at approximately $41,000. Institutional investors own 40.82% of the company’s stock.

Climb Global Solutions Company Profile

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Climb Global Solutions, Inc engages in the distribution of software developed by others through resellers indirectly to customers. It operates through the Distribution and Solutions segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide under the names Climb Channel Solutions and Sigma Software Distribution.