Charles Edward Bass Sells 8,117 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) insider Charles Edward Bass sold 8,117 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the sale, the insider now owns 25,792 shares of the company's stock, valued at $3,216,520.32. The trade was a 23.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock traded up $0.45 during trading on Friday, reaching $111.66. 33,799 shares of the stock traded hands, compared to its average volume of 25,287. Climb Global Solutions, Inc. has a 52-week low of $49.70 and a 52-week high of $145.00. The business has a fifty day simple moving average of $125.80 and a two-hundred day simple moving average of $117.37. The company has a market capitalization of $514.42 million, a price-to-earnings ratio of 30.26, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.61%. Climb Global Solutions's dividend payout ratio (DPR) is 16.75%.

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Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CLMB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Climb Global Solutions by 4.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company's stock valued at $303,000 after purchasing an additional 96 shares during the last quarter. Summit Investment Advisors Inc. raised its position in shares of Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after buying an additional 97 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Climb Global Solutions by 0.3% in the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company's stock valued at $6,181,000 after acquiring an additional 137 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company's stock worth $1,500,000 after acquiring an additional 251 shares in the last quarter. Finally, Barclays PLC increased its stake in Climb Global Solutions by 3.5% during the fourth quarter. Barclays PLC now owns 8,897 shares of the company's stock worth $1,128,000 after acquiring an additional 300 shares during the last quarter. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.