Climb Global Solutions, Inc. (NASDAQ:CLMB) Shares Sold by Numerai GP LLC

Numerai GP LLC trimmed its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) by 43.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,100 shares of the company's stock after selling 4,612 shares during the quarter. Numerai GP LLC owned 0.13% of Climb Global Solutions worth $773,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Climb Global Solutions by 59.0% in the third quarter. Barclays PLC now owns 8,597 shares of the company's stock valued at $856,000 after buying an additional 3,189 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Climb Global Solutions by 309.2% in the third quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock valued at $752,000 after buying 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% during the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company's stock worth $245,000 after acquiring an additional 341 shares in the last quarter. Inspire Investing LLC purchased a new position in Climb Global Solutions in the 4th quarter valued at approximately $837,000. Finally, Flagship Harbor Advisors LLC acquired a new position in Climb Global Solutions during the fourth quarter worth $250,000. Institutional investors and hedge funds own 49.72% of the company's stock.

Climb Global Solutions Trading Down 0.5%

Shares of CLMB stock traded down $0.56 during trading hours on Monday, hitting $107.99. The company's stock had a trading volume of 35,233 shares, compared to its average volume of 29,320. Climb Global Solutions, Inc. has a twelve month low of $49.70 and a twelve month high of $145.00. The stock has a market cap of $496.97 million, a price-to-earnings ratio of 29.27, a P/E/G ratio of 1.74 and a beta of 1.12. The business has a fifty day moving average of $107.76 and a 200-day moving average of $120.32.

Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last released 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). Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. The company had revenue of $138.04 million for the quarter, compared to analysts' expectations of $96.86 million. On average, equities analysts expect that Climb Global Solutions, Inc. will post 4.14 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.63%. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.

Insider Activity

In related news, CEO Dale Richard Foster sold 7,500 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 90,027 shares in the company, valued at approximately $11,156,145.84. This represents a 7.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Charles Edward Bass sold 8,117 shares of the stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $124.71, for a total value of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares in the company, valued at $3,216,520.32. This trade represents a 23.94% decrease in their ownership of the stock. 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 over the last 90 days. Insiders own 6.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Barrington Research reaffirmed 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 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.