Tieton Capital Management LLC Decreases Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Tieton Capital Management LLC trimmed its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,200 shares of the company’s stock after selling 20,800 shares during the quarter. Climb Global Solutions comprises about 3.1% of Tieton Capital Management LLC’s holdings, making the stock its 18th largest position. Tieton Capital Management LLC owned 1.33% of Climb Global Solutions worth $7,757,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Climb Global Solutions by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock valued at $1,500,000 after purchasing an additional 251 shares during the last quarter. SG Americas Securities LLC raised its holdings in Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock worth $245,000 after purchasing an additional 341 shares during the period. Martingale Asset Management L P increased its stake in Climb Global Solutions by 8.4% in the 3rd quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock worth $498,000 after buying an additional 388 shares in the last quarter. Rhumbline Advisers grew 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 valued at $593,000 after purchasing an additional 439 shares in the last quarter. Finally, Geode Capital Management LLC grew 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 valued at $9,173,000 after purchasing an additional 881 shares in the last quarter. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

Climb Global Solutions Trading Up 1.4 %

CLMB stock opened at $117.38 on Monday. The firm has a 50-day moving average of $124.85 and a two-hundred day moving average of $118.32. The company has a market cap of $540.77 million, a price-to-earnings ratio of 31.81, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions, Inc. has a 12 month low of $49.70 and a 12 month high of $145.00.

Climb Global Solutions Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were given 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 dividend yield of 0.58%. Climb Global Solutions’s dividend payout ratio (DPR) is currently 16.75%.

Insider Buying and Selling

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were 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 of the company’s stock, valued at $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Dale Richard Foster sold 2,000 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 82,740 shares in the company, valued at $9,139,460.40. The trade was a 2.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,764 shares of company stock worth $2,799,426 in the last ninety days. 9.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.