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 shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares in the company, valued at $1,413,255.50. This trade represents a 18.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $118.65 on Thursday. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The firm has a market capitalization of $546.62 million, a price-to-earnings 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 $126.39 and its 200-day simple moving average is $117.11.

Climb Global Solutions Announces Dividend

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

Institutional Investors Weigh In On Climb Global Solutions

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Climb Global Solutions by 2.3% during the fourth quarter. Vanguard Group Inc. now owns 232,712 shares of the company’s stock worth $29,496,000 after acquiring an additional 5,195 shares during the last quarter. De Lisle Partners LLP lifted its holdings in shares of Climb Global Solutions by 24.1% during the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after purchasing an additional 37,747 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Climb Global Solutions by 1.4% during the fourth quarter. Wasatch Advisors LP now owns 122,723 shares of the company’s stock worth $15,555,000 after purchasing an additional 1,645 shares during the period. Invesco Ltd. lifted its holdings in shares of Climb Global Solutions by 11.5% during the fourth quarter. Invesco Ltd. now owns 95,199 shares of the company’s stock worth $12,066,000 after purchasing an additional 9,853 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Climb Global Solutions by 1.0% during the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after purchasing an additional 881 shares during the period. Hedge funds and other institutional investors own 49.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.