American Century Companies Inc. Cuts Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

American Century Companies Inc. cut its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 71.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,070 shares of the company's stock after selling 9,971 shares during the period. American Century Companies Inc. owned 0.09% of Climb Global Solutions worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. MeadowBrook Investment Advisors LLC bought a new position in shares of Climb Global Solutions during the 4th quarter valued at approximately $120,000. Cornerstone Investment Partners LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter valued at $236,000. SG Americas Securities LLC lifted its holdings in shares of Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after acquiring an additional 341 shares during the last quarter. Flagship Harbor Advisors LLC purchased a new position in shares of Climb Global Solutions during the 4th quarter worth about $250,000. Finally, D.A. Davidson & CO. bought a new position in Climb Global Solutions during the 4th quarter valued at about $252,000. 49.72% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Climb Global Solutions news, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the sale, the chief executive officer now owns 82,740 shares in the company, valued at $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction on 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 represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 22,764 shares of company stock worth $2,799,426 in the last three months. Corporate insiders own 9.60% of the company's stock.

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Wall Street Analyst Weigh In

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

Climb Global Solutions Trading Up 1.1 %

Shares of CLMB traded up $1.14 during trading hours on Tuesday, reaching $107.04. 20,597 shares of the company traded hands, compared to its average volume of 27,266. The stock's fifty day moving average price is $116.66 and its 200 day moving average price is $119.81. The firm has a market cap of $493.13 million, a price-to-earnings ratio of 29.01, a PEG ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00.

Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a $0.17 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.64%. Climb Global Solutions's dividend payout ratio is currently 16.75%.

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.