Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster Sells 7,500 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00. Following the transaction, the chief executive officer now owns 90,027 shares in the company, valued at approximately $11,156,145.84. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $111.21 on Friday. 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 fifty day moving average price of $126.39 and a two-hundred day moving average price of $117.11. The firm has a market cap of $512.34 million, a price-to-earnings ratio of 30.14, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.61%. Climb Global Solutions’s dividend payout ratio is presently 16.75%.

Institutional Trading of Climb Global Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Climb Global Solutions by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock valued at $303,000 after acquiring an additional 96 shares during the period. Summit Investment Advisors Inc. grew its position in Climb Global Solutions by 28.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after purchasing an additional 97 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Climb Global Solutions by 0.3% during the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company’s stock worth $6,181,000 after purchasing an additional 137 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Climb Global Solutions by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock valued at $1,500,000 after buying an additional 251 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Climb Global Solutions by 3.5% in the fourth quarter. Barclays PLC now owns 8,897 shares of the company’s stock valued at $1,128,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds own 49.72% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.