Sowell Financial Services LLC bought a new position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 11,747 shares of the company's stock, valued at approximately $1,489,000. Sowell Financial Services LLC owned about 0.25% of Climb Global Solutions at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of CLMB. New York State Teachers Retirement System purchased a new position in Climb Global Solutions in the 3rd quarter worth approximately $38,000. MeadowBrook Investment Advisors LLC purchased a new stake in Climb Global Solutions during the 4th quarter valued at $120,000. Harvest Fund Management Co. Ltd bought a new stake in Climb Global Solutions in the 3rd quarter worth $126,000. Quantbot Technologies LP purchased a new position in shares of Climb Global Solutions in the third quarter valued at about $147,000. Finally, Kovitz Investment Group Partners LLC bought a new position in shares of Climb Global Solutions during the third quarter valued at about $222,000. Hedge funds and other institutional investors own 49.72% of the company's stock.
Analyst Ratings Changes
Separately, Barrington Research reiterated an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday, March 6th.
Check Out Our Latest Research Report on CLMB
Insider Activity at Climb Global Solutions
In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dale Richard Foster sold 7,500 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the completion of the sale, the chief executive officer now directly owns 90,027 shares in the company, valued at approximately $11,156,145.84. This represents a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 20,764 shares of company stock worth $2,578,506 over the last ninety days. 9.60% of the stock is owned by corporate insiders.
Climb Global Solutions Stock Performance
Shares of NASDAQ CLMB traded up $0.45 during midday trading on Friday, hitting $111.66. 33,799 shares of the company traded hands, compared to its average volume of 25,218. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The stock has a 50-day moving average price of $126.12 and a 200 day moving average price of $117.07. The firm has a market cap of $514.42 million, a P/E 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 announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.61%. The ex-dividend date is Monday, March 17th. Climb Global Solutions's payout ratio is presently 16.75%.
Climb Global Solutions Profile
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Free Report)
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.
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