Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Ancora Advisors LLC

Ancora Advisors LLC trimmed its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 23.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,023 shares of the company's stock after selling 4,790 shares during the period. Ancora Advisors LLC owned about 0.35% of Climb Global Solutions worth $2,031,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CLMB. 4WEALTH Advisors Inc. acquired a new stake in Climb Global Solutions in the fourth quarter valued at $748,000. Northern Trust Corp grew its stake in Climb Global Solutions by 0.3% in the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company's stock valued at $6,181,000 after acquiring an additional 137 shares during the last quarter. Price T Rowe Associates Inc. MD purchased a new position in Climb Global Solutions during the 4th quarter valued at about $209,000. Tower Research Capital LLC TRC increased its holdings in Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock valued at $60,000 after acquiring an additional 318 shares in the last quarter. Finally, Wasatch Advisors LP raised its position in Climb Global Solutions by 1.4% during the fourth quarter. Wasatch Advisors LP now owns 122,723 shares of the company's stock worth $15,555,000 after acquiring an additional 1,645 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reissued an "outperform" rating and set a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday, April 24th.

Insiders Place Their Bets

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction dated 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 directly owns 11,261 shares of the company's stock, valued at approximately $1,413,255.50. This trade represents a 18.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Charles Edward Bass sold 8,117 shares of the company's stock in a transaction dated 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 transaction, the insider now directly owns 25,792 shares of the company's stock, valued at approximately $3,216,520.32. This represents a 23.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,531 shares of company stock valued at $3,379,759 in the last quarter. 9.60% of the stock is currently owned by company insiders.

Climb Global Solutions Trading Up 1.9 %

Shares of NASDAQ:CLMB traded up $1.99 on Friday, hitting $107.31. The company had a trading volume of 28,139 shares, compared to its average volume of 29,023. The company has a market cap of $491.91 million, a PE 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. The business has a 50 day moving average of $109.43 and a 200 day moving average of $120.02.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing analysts' consensus estimates of $0.89 by ($0.03). The firm had revenue of $138.04 million for the quarter, compared to analysts' expectations 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, equities analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Monday, May 12th. Climb Global Solutions's dividend payout ratio is presently 15.93%.

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.