Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster Sells 7,500 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) CEO Dale Richard Foster sold 7,500 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total transaction of $929,400.00. Following the completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Climb Global Solutions Stock Performance

CLMB stock traded up $0.29 during mid-day trading on Monday, reaching $111.78. 27,771 shares of the stock traded hands, compared to its average volume of 25,297. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00. The stock has a market capitalization of $514.97 million, a PE ratio of 30.29, a PEG ratio of 1.74 and a beta of 1.18. The business has a 50-day moving average price of $125.80 and a two-hundred day moving average price of $117.54.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be paid a $0.17 dividend. 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 currently 16.75%.

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Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. De Lisle Partners LLP lifted its stake in shares of Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock worth $19,272,000 after acquiring an additional 37,747 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Climb Global Solutions by 314.5% during the third quarter. Royce & Associates LP now owns 35,919 shares of the company's stock valued at $3,575,000 after purchasing an additional 27,254 shares during the period. Sowell Financial Services LLC bought a new position in shares of Climb Global Solutions in the fourth quarter worth about $1,489,000. Raymond James Financial Inc. purchased a new position in Climb Global Solutions in the 4th quarter worth about $1,449,000. Finally, Proficio Capital Partners LLC bought a new stake in Climb Global Solutions during the 4th quarter valued at about $1,382,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

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.