Ballast Asset Management LP Sells 16,601 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Ballast Asset Management LP cut its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 17.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,358 shares of the company's stock after selling 16,601 shares during the quarter. Climb Global Solutions accounts for 5.1% of Ballast Asset Management LP's portfolio, making the stock its largest position. Ballast Asset Management LP owned about 1.72% of Climb Global Solutions worth $10,059,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CLMB. Allspring Global Investments Holdings LLC grew its holdings in shares of Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock valued at $1,230,000 after buying an additional 9,698 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in Climb Global Solutions during the 4th quarter valued at about $1,382,000. Raymond James Financial Inc. acquired a new position in shares of Climb Global Solutions in the 4th quarter valued at about $1,449,000. JPMorgan Chase & Co. lifted its position in shares of Climb Global Solutions by 309.2% in the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock worth $752,000 after purchasing an additional 5,711 shares in the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of Climb Global Solutions during the fourth quarter worth approximately $250,000. 49.72% of the stock is currently owned by institutional investors and hedge funds.

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Climb Global Solutions Trading Down 3.4 %

NASDAQ CLMB traded down $3.51 on Friday, reaching $99.27. The stock had a trading volume of 39,495 shares, compared to its average volume of 26,846. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The business has a 50 day moving average price of $120.69 and a 200 day moving average price of $119.53. The company has a market capitalization of $457.34 million, a price-to-earnings ratio of 26.90, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were issued a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a yield of 0.69%. Climb Global Solutions's dividend payout ratio is currently 16.75%.

Wall Street Analysts Forecast Growth

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

Insider Activity at Climb Global Solutions

In related news, Director Andrew S. Bryant sold 2,543 shares of the company's 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 sale, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Dale Richard Foster sold 7,500 shares of the firm's stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value 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 trade represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,764 shares of company stock valued at $2,799,426. 9.60% of the stock is currently owned by corporate insiders.

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.