Climb Global Solutions, Inc. (NASDAQ:CLMB) Plans Quarterly Dividend of $0.17

Climb Global Solutions, Inc. (NASDAQ:CLMB) declared a quarterly dividend on Friday, February 28th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.17 per share on Friday, March 21st. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Monday, March 17th.

Climb Global Solutions Trading Up 0.4 %

Shares of CLMB opened at $111.66 on Friday. The firm has a market cap of $514.42 million, a PE ratio of 30.26, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The company’s 50 day simple moving average is $126.12 and its 200-day simple moving average is $117.07. Climb Global Solutions has a 12-month low of $49.70 and a 12-month high of $145.00.

Analyst Ratings Changes

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

Insider Activity at Climb Global Solutions

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,604 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $122.00, for a total transaction of $317,688.00. Following the sale, the director now directly owns 6,274 shares in the company, valued at approximately $765,428. The trade was a 29.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Charles Edward Bass sold 8,117 shares of the business’s stock in a transaction 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 sale, the insider now owns 25,792 shares in the company, valued at $3,216,520.32. The trade was a 23.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 20,764 shares of company stock worth $2,578,506 in the last three months. Insiders own 9.60% 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.