Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Cove Street Capital LLC

Cove Street Capital LLC reduced its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 66.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 9,158 shares of the company's stock after selling 18,518 shares during the period. Climb Global Solutions makes up approximately 1.4% of Cove Street Capital LLC's portfolio, making the stock its 29th biggest holding. Cove Street Capital LLC owned 0.20% of Climb Global Solutions worth $1,160,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CLMB. Quantbot Technologies LP acquired a new stake in Climb Global Solutions during the third quarter worth about $147,000. Martingale Asset Management L P boosted its position in Climb Global Solutions by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company's stock worth $498,000 after purchasing an additional 388 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its stake in shares of Climb Global Solutions by 74.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 6,779 shares of the company's stock worth $675,000 after purchasing an additional 2,904 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Climb Global Solutions during the 3rd quarter valued at approximately $516,000. Finally, State Street Corp lifted its stake in shares of Climb Global Solutions by 12.5% in the 3rd quarter. State Street Corp now owns 62,692 shares of the company's stock valued at $6,240,000 after purchasing an additional 6,979 shares during the period. Hedge funds and other institutional investors own 49.72% of the company's stock.

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Climb Global Solutions Stock Down 7.1 %

Shares of NASDAQ:CLMB traded down $7.98 during trading on Thursday, reaching $103.99. 15,847 shares of the company's stock traded hands, compared to its average volume of 26,500. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The company has a 50-day simple moving average of $121.99 and a 200-day simple moving average of $119.42. The firm has a market cap of $479.08 million, a PE ratio of 28.18, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.

Analysts Set New Price Targets

Separately, Barrington Research restated 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 Transactions at Climb Global Solutions

In related news, CEO Dale Richard Foster sold 2,000 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the transaction, the chief executive officer now directly owns 82,740 shares of the company's stock, valued at approximately $9,139,460.40. This trade represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was 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 owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,764 shares of company stock valued at $2,799,426 in the last three months. 9.60% of the stock is currently owned by company insiders.

Climb Global Solutions 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.