Tieton Capital Management LLC Sells 20,800 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Tieton Capital Management LLC lowered its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,200 shares of the company's stock after selling 20,800 shares during the period. Climb Global Solutions makes up approximately 3.1% of Tieton Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Tieton Capital Management LLC owned approximately 1.33% of Climb Global Solutions worth $7,757,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CLMB. MeadowBrook Investment Advisors LLC purchased a new stake in shares of Climb Global Solutions in the fourth quarter worth approximately $120,000. Harvest Fund Management Co. Ltd bought a new position in Climb Global Solutions in the 3rd quarter valued at $126,000. Quantbot Technologies LP purchased a new stake in Climb Global Solutions in the third quarter worth $147,000. Cornerstone Investment Partners LLC bought a new stake in shares of Climb Global Solutions during the fourth quarter worth $236,000. Finally, SG Americas Securities LLC boosted its stake in shares of Climb Global Solutions by 21.4% during the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock valued at $245,000 after purchasing an additional 341 shares during the period. Hedge funds and other institutional investors own 49.72% of the company's stock.

Analyst Upgrades and Downgrades

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

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Climb Global Solutions Price Performance

Shares of NASDAQ:CLMB traded down $0.98 during trading on Friday, reaching $109.02. 18,968 shares of the company were exchanged, compared to its average volume of 26,417. The business's fifty day simple moving average is $123.37 and its 200-day simple moving average is $118.74. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00. The firm has a market capitalization of $502.26 million, a PE ratio of 29.54, 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 was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.62%. Climb Global Solutions's payout ratio is currently 16.75%.

Insider Buying and Selling at Climb Global Solutions

In other news, insider Charles Edward Bass sold 8,117 shares of the company's stock in a transaction that occurred on Monday, March 10th. The shares were 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 approximately $3,216,520.32. This represents a 23.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Andrew S. Bryant sold 2,604 shares of the stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $122.00, for a total transaction of $317,688.00. Following the transaction, the director now owns 6,274 shares in the company, valued at approximately $765,428. This represents a 29.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,764 shares of company stock valued at $2,799,426 in the last ninety days. Corporate insiders own 9.60% of the company's stock.

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.