Citadel Advisors LLC Has $1.44 Million Stock Position in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Citadel Advisors LLC reduced its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 42.6% in the 4th quarter, according to its most recent filing 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 about 0.25% of Climb Global Solutions worth $1,438,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Summit Investment Advisors Inc. lifted its stake 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 last quarter. Northern Trust Corp boosted its stake in shares of Climb Global Solutions by 0.3% in the 4th quarter. Northern Trust Corp now owns 48,768 shares of the company's stock valued at $6,181,000 after purchasing an additional 137 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Climb Global Solutions by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company's stock worth $1,500,000 after buying an additional 251 shares during the period. Barclays PLC boosted its position in Climb Global Solutions by 3.5% during the 4th quarter. Barclays PLC now owns 8,897 shares of the company's stock worth $1,128,000 after buying an additional 300 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in 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 purchasing an additional 318 shares during the last quarter. 49.72% of the stock is owned by institutional investors.

Insider Transactions 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 transaction of $580,333.21. Following the sale, the director now owns 1,774 shares in the company, valued at $178,517.62. This represents a 76.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dale Richard Foster sold 2,000 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total value of $220,920.00. Following the completion of the sale, the chief executive officer now owns 82,740 shares of the company's stock, valued at approximately $9,139,460.40. This represents a 2.36% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 28,531 shares of company stock valued at $3,379,759 in the last three months. 6.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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 Tuesday, May 13th.

Climb Global Solutions Trading Down 1.6%

Shares of NASDAQ:CLMB traded down $1.82 during trading on Friday, reaching $108.82. 53,030 shares of the company traded hands, compared to its average volume of 31,543. The business's fifty day moving average is $106.36 and its 200-day moving average is $119.81. Climb Global Solutions, Inc. has a 52-week low of $54.00 and a 52-week high of $145.00. The firm has a market capitalization of $500.78 million, a price-to-earnings ratio of 29.46, a P/E/G ratio of 1.74 and a beta of 1.12.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $138.04 million during the quarter, compared to analysts' expectations of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. On average, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.62%. The ex-dividend date of this dividend was Monday, May 12th. Climb Global Solutions's dividend payout ratio is currently 15.93%.

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.