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 firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. This trade represents a 23.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Climb Global Solutions Trading Down 1.9 %

Shares of NASDAQ:CLMB opened at $118.65 on Thursday. The company’s 50 day moving average is $126.39 and its 200 day moving average is $117.11. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00. The company has a market cap of $546.62 million, a PE ratio of 32.15, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The business 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 $0.17 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.57%. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions in the third quarter valued at about $38,000. Summit Investment Advisors Inc. raised its holdings 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 buying an additional 97 shares during the period. Tower Research Capital LLC TRC boosted its stake in shares of Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock valued at $60,000 after purchasing an additional 318 shares during the period. State of Wyoming acquired a new position in shares of Climb Global Solutions in the fourth quarter worth $64,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of Climb Global Solutions during the fourth quarter worth approximately $120,000. Hedge funds and other 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.