Climb Global Solutions (NASDAQ:CLMB) Sees Unusually-High Trading Volume - Here's Why

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) saw unusually-high trading volume on Monday . Approximately 43,844 shares changed hands during trading, an increase of 78% from the previous session's volume of 24,586 shares.The stock last traded at $124.52 and had previously closed at $131.86.

Analyst Ratings Changes

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

Climb Global Solutions Trading Up 0.0 %

The firm has a market cap of $512.46 million, a P/E ratio of 30.15, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The stock's fifty day moving average is $126.12 and its two-hundred day moving average is $117.07.

Climb Global Solutions Announces Dividend

The firm also recently announced 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. This represents a $0.68 annualized dividend and a yield of 0.61%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions's payout ratio is 16.75%.

Insider Transactions at Climb Global Solutions

In other news, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. This represents a 23.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dale Richard Foster sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the completion of the sale, the chief executive officer now owns 90,027 shares of the company's stock, valued at $11,156,145.84. The trade was a 7.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,764 shares of company stock valued at $2,578,506. 9.60% of the stock is owned by corporate insiders.

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Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Summit Investment Advisors Inc. raised 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 period. Tower Research Capital LLC TRC increased its holdings in shares of Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after buying an additional 318 shares during the period. State of Wyoming bought a new stake in shares of Climb Global Solutions in the 4th quarter valued at about $64,000. MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at about $120,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Climb Global Solutions during the 3rd quarter worth approximately $126,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

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.