Bridgeway Capital Management LLC Has $555,000 Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Bridgeway Capital Management LLC reduced its stake in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 53.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,377 shares of the company's stock after selling 4,933 shares during the quarter. Bridgeway Capital Management LLC owned about 0.09% of Climb Global Solutions worth $555,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLMB. Summit Investment Advisors Inc. lifted its holdings in Climb Global Solutions by 28.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock worth $56,000 after buying an additional 97 shares in the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Climb Global Solutions by 200.0% during the fourth 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 during the period. MeadowBrook Investment Advisors LLC bought a new position in Climb Global Solutions in the fourth quarter valued at about $120,000. Price T Rowe Associates Inc. MD acquired a new stake in Climb Global Solutions in the fourth quarter worth about $209,000. Finally, Cornerstone Investment Partners LLC bought a new stake in Climb Global Solutions during the 4th quarter worth about $236,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Trading Up 1.9%

NASDAQ CLMB opened at $107.31 on Monday. Climb Global Solutions, Inc. has a 12 month low of $49.70 and a 12 month high of $145.00. The stock has a 50-day simple moving average of $109.43 and a 200 day simple moving average of $120.14. The company has a market capitalization of $493.84 million, a PE ratio of 29.08, a P/E/G ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly 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 net margin of 4.11% and a return on equity of 23.63%. The firm had revenue of $138.04 million during the quarter, compared to analyst estimates of $96.86 million. As a group, sell-side analysts predict that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The company 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. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 0.63%. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.

Insider Transactions at Climb Global Solutions

In related news, Director Andrew S. Bryant sold 2,543 shares of the firm's stock in a transaction on 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 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 SEC, which can be accessed through this link. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares in the company, valued at approximately $3,216,520.32. This represents a 23.94% decrease in their ownership of the stock. 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 over the last three months. 9.60% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

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