Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Andrew S. Bryant Sells 2,543 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the sale, the director now directly owns 11,261 shares of the company’s stock, valued at $1,413,255.50. This trade represents a 18.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Climb Global Solutions Trading Down 1.9 %

Shares of NASDAQ:CLMB opened at $118.65 on Thursday. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a market capitalization of $546.62 million, a PE ratio of 32.15, a PEG ratio of 1.74 and a beta of 1.18. The business has a 50 day moving average of $126.39 and a two-hundred day moving average of $117.11.

Climb Global Solutions Dividend Announcement

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 issued a $0.17 dividend. 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 payout ratio is presently 16.75%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CLMB. De Lisle Partners LLP raised its stake in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after buying an additional 37,747 shares during the period. Royce & Associates LP raised its stake in shares of Climb Global Solutions by 314.5% during the 3rd quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after buying an additional 27,254 shares during the period. Sowell Financial Services LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $1,489,000. Raymond James Financial Inc. acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $1,449,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $1,382,000. 49.72% of the stock is owned by institutional investors and hedge funds.

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.