Numerai GP LLC Sells 4,612 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Numerai GP LLC lowered its holdings in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 43.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,100 shares of the company's stock after selling 4,612 shares during the quarter. Numerai GP LLC owned about 0.13% of Climb Global Solutions worth $773,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of CLMB. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Climb Global Solutions by 4.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company's stock valued at $303,000 after buying an additional 96 shares during the period. Summit Investment Advisors Inc. boosted 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 acquiring an additional 97 shares during the period. Northern Trust Corp increased its holdings in shares of Climb Global Solutions by 0.3% in the fourth 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 during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Climb Global Solutions by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company's stock valued at $1,500,000 after purchasing an additional 251 shares during the period. Finally, Barclays PLC lifted its stake in shares of 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 last quarter. Institutional investors and hedge funds own 49.72% of the company's stock.

Insider Activity at Climb Global Solutions

In related news, Director Greg Scorziello sold 5,767 shares of the firm'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 transaction, the director now directly owns 1,774 shares of the company's stock, valued at approximately $178,517.62. This trade represents a 76.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 stock was 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 $9,139,460.40. The trade was a 2.36% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,531 shares of company stock worth $3,379,759. Company insiders own 6.10% of the company's stock.

Analyst Ratings Changes

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

Climb Global Solutions Stock Down 0.2%

CLMB traded down $0.22 during midday trading on Tuesday, hitting $107.78. The company had a trading volume of 8,646 shares, compared to its average volume of 29,241. The company has a market capitalization of $495.98 million, a price-to-earnings ratio of 29.26, a PEG ratio of 1.74 and a beta of 1.12. The stock's 50 day moving average price is $107.55 and its 200 day moving average price is $120.38. Climb Global Solutions, Inc. has a 52 week low of $49.70 and a 52 week high of $145.00.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 EPS 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 the consensus estimate of $96.86 million. Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. Research analysts predict that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.

Climb Global Solutions Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Monday, May 12th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.63%. 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.