Bridgeway Capital Management LLC Sells 4,933 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

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

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Climb Global Solutions by 59.0% during the 3rd quarter. Barclays PLC now owns 8,597 shares of the company's stock worth $856,000 after buying an additional 3,189 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock worth $752,000 after buying an additional 5,711 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Climb Global Solutions by 21.4% during the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after buying an additional 341 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth $837,000. Finally, Flagship Harbor Advisors LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth $250,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Climb Global Solutions

In other Climb Global Solutions news, Director Greg Scorziello sold 5,767 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total value of $580,333.21. Following the sale, the director now owns 1,774 shares in the company, valued at approximately $178,517.62. The trade was a 76.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the sale, the chief executive officer now owns 82,740 shares in the company, valued at approximately $9,139,460.40. The trade was a 2.36% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 28,531 shares of company stock worth $3,379,759. Insiders own 6.10% of the company's stock.

Climb Global Solutions Price Performance

CLMB stock traded down $1.73 during midday trading on Friday, reaching $108.55. 43,293 shares of the stock were exchanged, compared to its average volume of 29,296. The stock has a market capitalization of $499.55 million, a PE ratio of 29.42, a P/E/G 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 company has a fifty day moving average price of $107.76 and a 200 day moving average price of $120.20.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last issued its quarterly earnings data 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). The firm had revenue of $138.04 million for the quarter, compared to the consensus estimate 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, analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.63%. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.

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 report on Tuesday.

Climb Global Solutions 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.