10,901 Shares in Climb Global Solutions, Inc. (NASDAQ:CLMB) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) during the 4th quarter, Holdings Channel reports. The firm bought 10,901 shares of the company’s stock, valued at approximately $1,382,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. grew its position in Climb Global Solutions by 11.4% during the fourth quarter. Victory Capital Management Inc. now owns 29,699 shares of the company’s stock worth $3,764,000 after buying an additional 3,040 shares during the period. Cornerstone Investment Partners LLC acquired a new position in Climb Global Solutions during the fourth quarter worth about $236,000. Charles Schwab Investment Management Inc. grew its position in Climb Global Solutions by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after buying an additional 251 shares during the period. Jacobi Capital Management LLC acquired a new position in Climb Global Solutions during the fourth quarter worth about $254,000. Finally, Navellier & Associates Inc. grew its position in Climb Global Solutions by 151.0% during the fourth quarter. Navellier & Associates Inc. now owns 8,126 shares of the company’s stock worth $1,030,000 after buying an additional 4,889 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dale Richard Foster sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total transaction of $929,400.00. Following the sale, the chief executive officer now owns 90,027 shares in the company, valued at approximately $11,156,145.84. This trade represents a 7.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Charles Edward Bass sold 8,117 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the sale, the insider now owns 25,792 shares in the company, valued at approximately $3,216,520.32. This trade represents a 23.94 % 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 over the last ninety days. 9.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Climb Global Solutions Price Performance

CLMB stock opened at $115.80 on Friday. The company’s 50 day simple moving average is $124.98 and its 200-day simple moving average is $117.79. The firm has a market capitalization of $533.49 million, a PE ratio of 31.38, a P/E/G 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 firm also recently declared a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be given a $0.17 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.59%. Climb Global Solutions’s dividend payout ratio is presently 16.75%.

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.