Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC cut its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 186,524 shares of the company's stock after selling 2,772 shares during the quarter. Renaissance Technologies LLC owned approximately 4.05% of Climb Global Solutions worth $23,642,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Royce & Associates LP grew its position in shares of Climb Global Solutions by 40.9% during the fourth quarter. Royce & Associates LP now owns 50,601 shares of the company's stock worth $6,414,000 after acquiring an additional 14,682 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at approximately $1,489,000. Raymond James Financial Inc. acquired a new stake in Climb Global Solutions during the 4th quarter worth approximately $1,449,000. Proficio Capital Partners LLC purchased a new position in shares of Climb Global Solutions in the 4th quarter valued at approximately $1,382,000. Finally, Invesco Ltd. increased its holdings in shares of Climb Global Solutions by 11.5% in the fourth quarter. Invesco Ltd. now owns 95,199 shares of the company's stock valued at $12,066,000 after purchasing an additional 9,853 shares during the period. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Stock Up 0.5 %

CLMB stock traded up $0.51 on Friday, reaching $106.47. 41,722 shares of the company's stock were exchanged, compared to its average volume of 27,549. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00. The stock has a fifty day moving average of $115.44 and a 200-day moving average of $119.68. The firm has a market cap of $490.51 million, a PE ratio of 28.85, a P/E/G ratio of 1.74 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's dividend payout ratio (DPR) is 16.75%.

Insider Buying and Selling

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction dated Monday, March 10th. The shares were 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 in the company, valued at approximately $1,413,255.50. This trade represents a 18.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions 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 owns 25,792 shares of the company's stock, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 22,764 shares of company stock valued at $2,799,426. Corporate insiders own 9.60% of the company's stock.

Analysts Set New Price Targets

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

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.