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

Tieton Capital Management LLC lessened its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 25.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 61,200 shares of the company’s stock after selling 20,800 shares during the period. Climb Global Solutions accounts for 3.1% of Tieton Capital Management LLC’s holdings, making the stock its 18th largest position. Tieton Capital Management LLC’s holdings in Climb Global Solutions were worth $7,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its stake in shares of Climb Global Solutions by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock valued at $1,500,000 after buying an additional 251 shares during the period. SG Americas Securities LLC increased its holdings in shares of Climb Global Solutions by 21.4% in the fourth quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after acquiring an additional 341 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Climb Global Solutions by 8.4% in the third quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock worth $498,000 after acquiring an additional 388 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Climb Global Solutions by 10.4% during the fourth quarter. Rhumbline Advisers now owns 4,678 shares of the company’s stock worth $593,000 after buying an additional 439 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Climb Global Solutions by 1.0% during the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after buying an additional 881 shares during the period. Institutional investors own 49.72% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Climb Global Solutions

In related news, insider Charles Edward Bass sold 8,117 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was 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 directly 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dale Richard Foster sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares of the company’s stock, valued at $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock valued at $2,799,426 in the last 90 days. 9.60% of the stock is owned by corporate insiders.

Climb Global Solutions Price Performance

Climb Global Solutions stock opened at $117.38 on Monday. The stock’s fifty day moving average price is $124.85 and its two-hundred day moving average price is $118.32. The firm has a market cap of $540.77 million, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Investors of record on Monday, March 17th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is 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.