Dimensional Fund Advisors LP Decreases Stake in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Dimensional Fund Advisors LP decreased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 15.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 120,063 shares of the company's stock after selling 22,045 shares during the quarter. Dimensional Fund Advisors LP owned 2.60% of Climb Global Solutions worth $15,218,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Investment Advisors Inc. lifted its holdings in Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after acquiring an additional 97 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Climb Global Solutions by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company's stock valued at $1,500,000 after buying an additional 251 shares in the last quarter. Barclays PLC grew its holdings in Climb Global Solutions by 3.5% in the 4th quarter. Barclays PLC now owns 8,897 shares of the company's stock valued at $1,128,000 after buying an additional 300 shares in the last quarter. SG Americas Securities LLC grew its holdings in Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock valued at $245,000 after buying an additional 341 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Climb Global Solutions by 10.4% in the 4th quarter. Rhumbline Advisers now owns 4,678 shares of the company's stock valued at $593,000 after purchasing an additional 439 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Insider Activity

In related news, Director Greg Scorziello sold 5,767 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the transaction, the director now owns 1,774 shares in the company, valued at $178,517.62. This trade represents a 76.48% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 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 value of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares in the company, valued at $3,216,520.32. This represents a 23.94% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,531 shares of company stock worth $3,379,759. 9.60% of the stock is currently owned by insiders.

Climb Global Solutions Stock Performance

CLMB stock traded down $1.12 during mid-day trading on Wednesday, reaching $108.69. The company had a trading volume of 13,534 shares, compared to its average volume of 29,140. The company has a market capitalization of $500.19 million, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The firm has a fifty day simple moving average of $108.76 and a 200 day simple moving average of $120.13. Climb Global Solutions, Inc. has a fifty-two week low of $49.70 and a fifty-two week high of $145.00.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) 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 company had revenue of $138.04 million during the quarter, compared to analyst estimates of $96.86 million. As a group, analysts predict that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current year.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.63%. Climb Global Solutions's payout ratio is currently 15.93%.

Analysts Set New Price Targets

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

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.