Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Sells $220,920.00 in Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB) CEO Dale Richard Foster sold 2,000 shares of the stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the transaction, the chief executive officer now owns 82,740 shares in the company, valued at $9,139,460.40. This trade represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dale Richard Foster also recently made the following trade(s):

• On Tuesday, March 11th, Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00.

Climb Global Solutions Stock Performance

Climb Global Solutions stock traded up $4.68 during midday trading on Wednesday, reaching $118.07. The stock had a trading volume of 25,333 shares, compared to its average volume of 25,356. The stock’s 50-day simple moving average is $125.28 and its 200 day simple moving average is $117.80. The stock has a market capitalization of $543.95 million, a PE ratio of 32.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Investors of record on Monday, March 17th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 16.75%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royce & Associates LP increased its position in shares of Climb Global Solutions by 314.5% in the third quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock worth $3,575,000 after acquiring an additional 27,254 shares in the last quarter. Foundry Partners LLC increased its holdings in Climb Global Solutions by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock valued at $3,551,000 after purchasing an additional 330 shares in the last quarter. Navellier & Associates Inc. purchased a new position in Climb Global Solutions in the third quarter valued at about $322,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Climb Global Solutions during the third quarter worth about $126,000. Finally, Quantbot Technologies LP purchased a new stake in shares of Climb Global Solutions in the third quarter worth about $147,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Barrington Research restated 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.