Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster Sells 2,000 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) CEO Dale Richard Foster sold 2,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now owns 82,740 shares in the company, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dale Richard Foster also recently made the following trade(s):

• On Tuesday, March 11th, Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Trading Up 1.4 %

NASDAQ:CLMB traded up $1.58 during mid-day trading on Friday, hitting $117.38. The stock had a trading volume of 57,035 shares, compared to its average volume of 25,765. The stock has a market capitalization of $540.77 million, a price-to-earnings ratio of 31.81, a P/E/G ratio of 1.74 and a beta of 1.18. The company has a 50 day simple moving average of $124.85 and a 200-day simple moving average of $118.13. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were given a $0.17 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.58%. Climb Global Solutions's dividend payout ratio is presently 16.75%.

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Institutional Trading of Climb Global Solutions

Hedge funds have recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in Climb Global Solutions by 138,542.9% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock valued at $1,230,000 after purchasing an additional 9,698 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Climb Global Solutions during the 4th quarter worth about $1,382,000. JPMorgan Chase & Co. raised its position in shares of Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock worth $752,000 after buying an additional 5,711 shares in the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of Climb Global Solutions during the 4th quarter worth about $250,000. Finally, State Street Corp raised its position in shares of Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company's stock worth $6,240,000 after buying an additional 6,979 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.