Dimensional Fund Advisors LP Sells 22,045 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

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

A number of other institutional investors also recently made changes to their positions in CLMB. Barclays PLC boosted its stake in shares of Climb Global Solutions by 59.0% in the 3rd quarter. Barclays PLC now owns 8,597 shares of the company's stock valued at $856,000 after purchasing an additional 3,189 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Climb Global Solutions by 309.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock valued at $752,000 after purchasing an additional 5,711 shares in the last quarter. SG Americas Securities LLC boosted its stake in shares of 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 purchasing an additional 341 shares in the last quarter. Inspire Investing LLC purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at $837,000. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Climb Global Solutions in the 4th quarter valued at $250,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Climb Global Solutions Price Performance

CLMB traded up $2.41 during trading on Monday, hitting $109.72. 29,647 shares of the stock traded hands, compared to its average volume of 29,025. The firm has a market capitalization of $504.93 million, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The firm has a 50-day moving average of $109.43 and a 200 day moving average of $120.14. Climb Global Solutions, Inc. has a 12-month low of $49.70 and a 12-month high of $145.00.

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 the consensus estimate 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 net margin of 4.11% and a return on equity of 23.63%. As a group, equities analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Monday, May 12th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $0.68 annualized dividend and a yield of 0.62%. 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 objective on shares of Climb Global Solutions in a research note on Thursday, April 24th.

Insider Transactions at Climb Global Solutions

In related news, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the completion of the transaction, the insider now directly owns 25,792 shares in the company, valued at $3,216,520.32. This trade represents a 23.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg Scorziello sold 5,767 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $100.63, for a total transaction of $580,333.21. Following the completion of the transaction, the director now owns 1,774 shares of the company's stock, valued at approximately $178,517.62. The trade was a 76.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,531 shares of company stock valued at $3,379,759. Company insiders own 9.60% of the company's stock.

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.