Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC lowered its position in Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 42.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,343 shares of the company's stock after selling 8,422 shares during the period. Citadel Advisors LLC owned approximately 0.25% of Climb Global Solutions worth $1,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Summit Investment Advisors Inc. raised its stake in shares of 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 during the period. Tower Research Capital LLC TRC raised its stake in shares of Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after buying an additional 318 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $120,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $209,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter worth approximately $236,000. Hedge funds and other institutional investors own 49.72% of the company's stock.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Tuesday, May 13th.

Insider Activity

In other Climb Global Solutions news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction that occurred 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 transaction, the director now owns 11,261 shares of the company's stock, valued at $1,413,255.50. The trade was a 18.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dale Richard Foster sold 7,500 shares of Climb Global Solutions stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $123.92, for a total value of $929,400.00. Following the transaction, the chief executive officer now directly owns 90,027 shares in the company, valued at approximately $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 worth $3,379,759. 6.10% of the stock is currently owned by company insiders.

Climb Global Solutions Stock Up 2.1%

Shares of CLMB traded up $2.25 during midday trading on Thursday, reaching $109.05. The company had a trading volume of 194,860 shares, compared to its average volume of 31,217. The stock has a market cap of $501.85 million, a PE ratio of 29.75, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. Climb Global Solutions, Inc. has a 1-year low of $54.00 and a 1-year high of $145.00. The firm has a 50 day simple moving average of $106.47 and a 200-day simple moving average of $119.88.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.86 EPS 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 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, sell-side analysts anticipate that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Monday, May 12th. Climb Global Solutions's payout ratio is presently 15.93%.

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.