Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Update

Climb Global Solutions, Inc. (NASDAQ:CLMB) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 127,200 shares, an increase of 23.3% from the March 31st total of 103,200 shares. Based on an average trading volume of 31,400 shares, the short-interest ratio is presently 4.1 days. Approximately 3.3% of the shares of the company are short sold.

Insider Buying and Selling at Climb Global Solutions

In other news, CEO Dale Richard Foster sold 2,000 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the transaction, the chief executive officer now owns 82,740 shares of the company’s stock, valued at approximately $9,139,460.40. This represents a 2.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Andrew S. Bryant sold 2,543 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the sale, the director now owns 11,261 shares in the company, valued at $1,413,255.50. This trade represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,764 shares of company stock worth $2,799,426 over the last ninety days. Company insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its stake in Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company’s stock worth $1,230,000 after buying an additional 9,698 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Climb Global Solutions during the 4th quarter worth about $476,000. Raymond James Financial Inc. acquired a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $1,449,000. Proficio Capital Partners LLC bought a new stake in Climb Global Solutions in the fourth quarter valued at about $1,382,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Climb Global Solutions in the fourth quarter worth about $250,000. Institutional investors and hedge funds own 49.72% of the company’s stock.

Climb Global Solutions Price Performance

Shares of CLMB stock opened at $101.27 on Friday. Climb Global Solutions has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The stock’s 50-day moving average is $111.02 and its two-hundred day moving average is $120.09. The firm has a market cap of $466.55 million, a P/E ratio of 27.44, a PEG ratio of 1.74 and a beta of 1.13.

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

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Monday, May 12th. Climb Global Solutions’s dividend payout ratio (DPR) is currently 16.75%.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reiterated an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a research report on Thursday, April 24th.

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 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.