Insider Selling: Climb Global Solutions, Inc. (NASDAQ:CLMB) CFO Sells 2,394 Shares of Stock

Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Rating) CFO Andrew E. Clark sold 2,394 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $48.74, for a total transaction of $116,683.56. Following the sale, the chief financial officer now directly owns 37,279 shares in the company, valued at approximately $1,816,978.46. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

Climb Global Solutions Stock Performance

CLMB stock traded up $1.68 during midday trading on Friday, reaching $49.40. 20,424 shares of the company’s stock traded hands, compared to its average volume of 18,432. The company has a 50-day moving average price of $49.63 and a two-hundred day moving average price of $41.01. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.13 and a current ratio of 1.15. Climb Global Solutions, Inc. has a 52 week low of $24.65 and a 52 week high of $55.70. The firm has a market capitalization of $224.77 million, a PE ratio of 16.86, a price-to-earnings-growth ratio of 0.99 and a beta of 0.92.

Climb Global Solutions (NASDAQ:CLMB – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.30. The firm had revenue of $88.91 million for the quarter, compared to analysts’ expectations of $84.64 million. Climb Global Solutions had a net margin of 4.12% and a return on equity of 23.25%. As a group, equities analysts anticipate that Climb Global Solutions, Inc. will post 3.02 EPS for the current year.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 15th were issued a $0.17 dividend. The ex-dividend date was Friday, May 12th. This represents a $0.68 annualized dividend and a dividend yield of 1.38%. Climb Global Solutions’s payout ratio is currently 23.21%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new position in Climb Global Solutions in the first quarter worth $41,000. Bank of America Corp DE purchased a new position in Climb Global Solutions in the first quarter worth $43,000. UBS Group AG purchased a new position in Climb Global Solutions in the first quarter worth $85,000. Kovitz Investment Group Partners LLC purchased a new position in Climb Global Solutions in the first quarter worth $240,000. Finally, Citigroup Inc. purchased a new position in Climb Global Solutions in the first quarter worth $425,000. Institutional investors own 40.82% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Barrington Research boosted their target price on shares of Climb Global Solutions from $40.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, March 22nd.

Climb Global Solutions Company Profile

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Climb Global Solutions, Inc engages in the distribution of software developed by others through resellers indirectly to customers. It operates through the Distribution and Solutions segments. The Distribution segment distributes technical software to corporate resellers, value added resellers (VARs), consultants and systems integrators worldwide under the names Climb Channel Solutions and Sigma Software Distribution.