Climb Global Solutions, Inc. (NASDAQ:CLMB) Short Interest Up 23.3% in April

Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) was the recipient of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 127,200 shares, a growth of 23.3% from the March 31st total of 103,200 shares. Approximately 3.3% of the company's shares are short sold. Based on an average daily volume of 31,400 shares, the short-interest ratio is currently 4.1 days.

Climb Global Solutions Price Performance

Shares of CLMB stock traded up $3.13 during mid-day trading on Thursday, hitting $106.62. The stock had a trading volume of 7,539 shares, compared to its average volume of 28,858. Climb Global Solutions has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The company's 50-day simple moving average is $109.88 and its 200-day simple moving average is $119.92. The firm has a market cap of $488.72 million, a PE ratio of 28.89, a PEG 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 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The firm had revenue of $138.04 million for the quarter, compared to analysts' expectations of $96.86 million. On average, analysts expect that Climb Global Solutions will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Monday, May 12th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Monday, May 12th. Climb Global Solutions's dividend payout ratio is currently 15.93%.

Analyst Ratings Changes

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

Insider Buying and Selling

In other Climb Global Solutions news, 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 transaction of $1,012,271.07. Following the completion of the sale, the insider now directly owns 25,792 shares of the company's stock, valued at $3,216,520.32. The trade was a 23.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Dale Richard Foster sold 7,500 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the sale, the chief executive officer now directly owns 90,027 shares in the company, valued at $11,156,145.84. This trade represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,531 shares of company stock valued at $3,379,759. Company insiders own 9.60% of the company's stock.

Hedge Funds Weigh In On Climb Global Solutions

A number of institutional investors have recently added to or reduced their stakes in CLMB. Vanguard Group Inc. lifted its position in shares of Climb Global Solutions by 2.3% in the 4th quarter. Vanguard Group Inc. now owns 232,712 shares of the company's stock worth $29,496,000 after buying an additional 5,195 shares during the last quarter. De Lisle Partners LLP boosted its stake in Climb Global Solutions by 8.4% during the 1st quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock valued at $24,822,000 after purchasing an additional 17,308 shares in the last quarter. Wasatch Advisors LP raised its holdings in shares of Climb Global Solutions by 1.4% in the 4th quarter. Wasatch Advisors LP now owns 122,723 shares of the company's stock worth $15,555,000 after purchasing an additional 1,645 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Climb Global Solutions by 11.5% during the 4th quarter. Invesco Ltd. now owns 95,199 shares of the company's stock worth $12,066,000 after acquiring an additional 9,853 shares in the last quarter. Finally, Choreo LLC grew its holdings in shares of Climb Global Solutions by 2.7% in the 4th quarter. Choreo LLC now owns 76,828 shares of the company's stock worth $9,725,000 after acquiring an additional 2,002 shares during the last quarter. Institutional investors and hedge funds own 49.72% 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.