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

EAM Investors LLC lowered its position in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 23.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,303 shares of the company’s stock after selling 2,509 shares during the period. EAM Investors LLC owned 0.18% of Climb Global Solutions worth $1,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its holdings in Climb Global Solutions by 2.3% during the 4th quarter. Vanguard Group Inc. now owns 232,712 shares of the company’s stock valued at $29,496,000 after purchasing an additional 5,195 shares in the last quarter. Invesco Ltd. grew its holdings 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 purchasing an additional 9,853 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Climb Global Solutions by 1.0% in the third quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock valued at $9,173,000 after buying an additional 881 shares in the last quarter. Choreo LLC raised its holdings in shares of Climb Global Solutions by 2.7% in the fourth quarter. Choreo LLC now owns 76,828 shares of the company’s stock valued at $9,725,000 after buying an additional 2,002 shares during the last quarter. Finally, State Street Corp lifted its position in Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after buying an additional 6,979 shares in the last quarter. 49.72% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Climb Global Solutions Price Performance

Shares of Climb Global Solutions stock opened at $105.96 on Thursday. The firm has a 50 day simple moving average of $115.84 and a 200 day simple moving average of $119.63. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The firm has a market cap 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.

Climb Global Solutions Dividend Announcement

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

Insider Activity at Climb Global Solutions

In other Climb Global Solutions news, CEO Dale Richard Foster sold 2,000 shares of Climb Global Solutions stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the completion of the sale, the chief executive officer now owns 82,740 shares of the company’s stock, valued at approximately $9,139,460.40. The trade was a 2.36 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $125.50, for a total value of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. This trade represents a 18.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock worth $2,799,426 over the last 90 days. Insiders own 9.60% of the company’s stock.

Climb Global Solutions Company 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.