Bridgeway Capital Management LLC Sells 4,933 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Bridgeway Capital Management LLC cut its holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 53.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,377 shares of the company’s stock after selling 4,933 shares during the period. Bridgeway Capital Management LLC’s holdings in Climb Global Solutions were worth $555,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Summit Investment Advisors Inc. grew its position in Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock valued at $56,000 after purchasing an additional 97 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Climb Global Solutions by 200.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock worth $60,000 after acquiring an additional 318 shares in the last quarter. MeadowBrook Investment Advisors LLC acquired a new position in Climb Global Solutions during the fourth quarter valued at approximately $120,000. Price T Rowe Associates Inc. MD bought a new position in Climb Global Solutions in the fourth quarter valued at approximately $209,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $236,000. Institutional investors own 49.72% of the company’s stock.

Climb Global Solutions Stock Performance

Climb Global Solutions stock opened at $107.31 on Monday. The stock has a 50-day simple moving average of $109.43 and a 200 day simple moving average of $120.14. The stock has a market capitalization of $493.84 million, a P/E ratio of 29.08, a PEG ratio of 1.74 and a beta of 1.12. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00.

Climb Global Solutions (NASDAQ:CLMB) last posted its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.03). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The business had revenue of $138.04 million for the quarter, compared to analyst estimates of $96.86 million. Research analysts forecast that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Monday, May 12th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, May 12th. Climb Global Solutions’s payout ratio is 15.93%.

Insider Buying and Selling

In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the sale, the insider now directly owns 25,792 shares in the company, valued at $3,216,520.32. This trade represents a 23.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Andrew S. Bryant sold 2,543 shares of the business’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 of the company’s stock, 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 90 days, insiders sold 28,531 shares of company stock valued at $3,379,759. Company insiders own 9.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an “outperform” rating and issued a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, April 24th.

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.