Proficio Capital Partners LLC Acquires New Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Proficio Capital Partners LLC bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,901 shares of the company's stock, valued at approximately $1,382,000. Proficio Capital Partners LLC owned about 0.24% of Climb Global Solutions at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. MeadowBrook Investment Advisors LLC bought a new stake in shares of Climb Global Solutions in the 4th quarter worth approximately $120,000. Harvest Fund Management Co. Ltd bought a new stake in Climb Global Solutions in the third quarter valued at $126,000. Quantbot Technologies LP purchased a new position in Climb Global Solutions during the 3rd quarter valued at $147,000. Kovitz Investment Group Partners LLC purchased a new position in Climb Global Solutions during the 3rd quarter valued at $222,000. Finally, Virtu Financial LLC bought a new position in Climb Global Solutions in the 3rd quarter worth $228,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Climb Global Solutions Stock Down 1.0 %

Shares of NASDAQ:CLMB traded down $1.17 during midday trading on Monday, reaching $116.21. The company's stock had a trading volume of 31,472 shares, compared to its average volume of 25,788. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The firm has a market capitalization of $535.38 million, a P/E ratio of 31.49, a PEG ratio of 1.74 and a beta of 1.18. The firm has a 50 day moving average of $124.85 and a 200-day moving average of $118.32.

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Climb Global Solutions Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's dividend payout ratio is 16.75%.

Analyst Upgrades and Downgrades

Separately, Barrington Research reiterated an "outperform" rating and set a $136.00 price target on shares of Climb Global Solutions in a research report on Thursday, March 6th.

Insider Activity

In other news, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was 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. The trade was a 23.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the company's stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 22,764 shares of company stock worth $2,799,426. Insiders own 9.60% of the company's stock.

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.