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

EAM Investors LLC cut its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,303 shares of the company’s stock after selling 2,509 shares during the period. EAM Investors LLC’s holdings in Climb Global Solutions were worth $1,052,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

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

Insider Buying and Selling at Climb Global Solutions

In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of the business’s stock in a transaction that occurred on 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 $3,216,520.32. The trade was a 23.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Andrew S. Bryant sold 2,543 shares of the company’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 value of $319,146.50. Following the sale, the director now owns 11,261 shares in the company, valued at approximately $1,413,255.50. This represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,764 shares of company stock worth $2,799,426. Insiders own 9.60% of the company’s stock.

Climb Global Solutions Stock Down 1.0 %

Shares of CLMB opened at $105.96 on Thursday. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00. The stock has a market capitalization of $488.16 million, a P/E ratio of 28.72, a P/E/G ratio of 1.74 and a beta of 1.13. The company has a 50 day moving average of $115.84 and a 200-day moving average of $119.63.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a $0.17 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.64%. Climb Global Solutions’s payout ratio is currently 16.75%.

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.