EAM Investors LLC Sells 2,509 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

EAM Investors LLC cut its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 23.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,303 shares of the company's stock after selling 2,509 shares during the quarter. EAM Investors LLC owned 0.18% of Climb Global Solutions worth $1,052,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. CreativeOne Wealth LLC purchased a new stake in Climb Global Solutions in the 4th quarter valued at $247,000. Barclays PLC raised its holdings in shares of Climb Global Solutions by 3.5% in the fourth quarter. Barclays PLC now owns 8,897 shares of the company's stock valued at $1,128,000 after purchasing an additional 300 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Climb Global Solutions by 28.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after purchasing an additional 97 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Climb Global Solutions during the fourth quarter worth about $1,449,000. Finally, Martingale Asset Management L P grew its position in Climb Global Solutions by 31.9% in the 4th quarter. Martingale Asset Management L P now owns 6,605 shares of the company's stock worth $837,000 after purchasing an additional 1,598 shares in the last quarter. Institutional investors own 49.72% of the company's stock.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock traded up $0.26 during trading hours on Tuesday, hitting $105.77. 8,669 shares of the company's stock traded hands, compared to its average volume of 27,597. The stock has a market capitalization of $487.28 million, a price-to-earnings ratio of 28.58, a PEG ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a fifty day simple moving average of $114.61 and a 200-day simple moving average of $120.18.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were given a dividend of $0.17 per share. The ex-dividend date was Monday, March 17th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.64%. Climb Global Solutions's dividend payout ratio is presently 16.75%.

Wall Street Analyst Weigh In

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

Insider Transactions at Climb Global Solutions

In other news, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the sale, the chief executive officer now owns 82,740 shares of the company's stock, valued at $9,139,460.40. The trade was a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares of the company's stock, valued at approximately $1,413,255.50. This trade represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 22,764 shares of company stock worth $2,799,426. 9.60% of the stock is 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.