Climb Global Solutions, Inc. (NASDAQ:CLMB) Insider Charles Edward Bass Sells 8,117 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB) insider Charles Edward Bass sold 8,117 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the transaction, the insider now owns 25,792 shares of the company’s stock, valued at $3,216,520.32. This trade represents a 23.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Climb Global Solutions Stock Performance

NASDAQ CLMB opened at $118.65 on Thursday. The company 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 has a 50-day moving average of $126.39 and a 200 day moving average of $117.11. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00.

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. This represents a $0.68 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio is presently 16.75%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Climb Global Solutions

A number of hedge funds have recently modified their holdings of CLMB. New York State Teachers Retirement System purchased a new position in Climb Global Solutions during the third quarter valued at approximately $38,000. Summit Investment Advisors Inc. raised its position in shares of Climb Global Solutions by 28.3% during 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 in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Climb Global Solutions by 200.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock valued at $60,000 after acquiring an additional 318 shares during the last quarter. State of Wyoming purchased a new position in Climb Global Solutions in the fourth quarter worth about $64,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the fourth quarter valued at approximately $120,000. 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.