Climb Global Solutions, Inc. (NASDAQ:CLMB) VP Vito Legrottaglie Sells 3,387 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB) VP Vito Legrottaglie sold 3,387 shares of Climb Global Solutions stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $47.01, for a total value of $159,222.87. Following the completion of the sale, the vice president now owns 54,269 shares of the company’s stock, valued at $2,551,185.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Climb Global Solutions Price Performance

NASDAQ CLMB traded up $0.39 during trading on Friday, reaching $48.27. The company’s stock had a trading volume of 11,569 shares, compared to its average volume of 25,375. The stock has a market capitalization of $221.08 million, a PE ratio of 18.21, a P/E/G ratio of 1.79 and a beta of 0.93. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.18 and a quick ratio of 1.16. The firm has a fifty day moving average of $43.29 and a 200 day moving average of $45.31. Climb Global Solutions, Inc. has a one year low of $30.42 and a one year high of $55.70.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Stockholders of record on Monday, November 13th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Friday, November 10th. Climb Global Solutions’s payout ratio is currently 25.86%.

Analysts Set New Price Targets

Separately, Barrington Research decreased their target price on Climb Global Solutions from $60.00 to $48.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th.

Hedge Funds Weigh In On Climb Global Solutions

Several institutional investors have recently modified their holdings of CLMB. FMR LLC bought a new position in shares of Climb Global Solutions during the 1st quarter valued at about $18,478,000. Renaissance Technologies LLC purchased a new position in shares of Climb Global Solutions in the 1st quarter valued at approximately $10,726,000. BlackRock Inc. lifted its stake in shares of Climb Global Solutions by 146.9% in the 2nd quarter. BlackRock Inc. now owns 278,875 shares of the company’s stock valued at $13,347,000 after purchasing an additional 165,909 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Climb Global Solutions in the 1st quarter valued at approximately $8,373,000. Finally, Cove Street Capital LLC purchased a new position in Climb Global Solutions during the second quarter valued at $7,112,000. 43.20% of the stock is currently owned by institutional investors.

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 and hardware 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.