Geode Capital Management LLC Has $11.52 Million Stock Holdings in Climb Global Solutions, Inc. (NASDAQ:CLMB)

Geode Capital Management LLC decreased its position in shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 90,838 shares of the company’s stock after selling 1,305 shares during the period. Geode Capital Management LLC owned 1.97% of Climb Global Solutions worth $11,516,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its position in Climb Global Solutions by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after purchasing an additional 251 shares during the period. SG Americas Securities LLC grew its stake in Climb Global Solutions by 21.4% in the 4th quarter. SG Americas Securities LLC now owns 1,936 shares of the company’s stock valued at $245,000 after buying an additional 341 shares during the last quarter. Rhumbline Advisers raised its holdings in Climb Global Solutions by 10.4% in the 4th quarter. Rhumbline Advisers now owns 4,678 shares of the company’s stock worth $593,000 after acquiring an additional 439 shares during the period. MeadowBrook Investment Advisors LLC acquired a new position in Climb Global Solutions during the 4th quarter worth $120,000. Finally, Harvest Fund Management Co. Ltd boosted its holdings in Climb Global Solutions by 123.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 2,848 shares of the company’s stock valued at $345,000 after acquiring an additional 1,572 shares during the period. 49.72% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Andrew S. Bryant sold 2,604 shares of Climb Global Solutions stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $122.00, for a total transaction of $317,688.00. Following the sale, the director now owns 6,274 shares of the company’s stock, valued at approximately $765,428. This trade represents a 29.33 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dale Richard Foster sold 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value of $929,400.00. Following the sale, the chief executive officer now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,764 shares of company stock valued at $2,799,426. Insiders own 9.60% of the company’s stock.

Climb Global Solutions Trading Up 0.8 %

Shares of CLMB stock opened at $106.39 on Wednesday. The firm has a market capitalization of $490.14 million, a P/E ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. Climb Global Solutions, Inc. has a 1 year low of $49.70 and a 1 year high of $145.00. The firm’s fifty day simple moving average is $114.16 and its 200 day simple moving average is $120.08.

Climb Global Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 21st. Stockholders of record on Monday, March 17th were issued a dividend of $0.17 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.64%. Climb Global Solutions’s payout ratio is 16.75%.

Wall Street Analyst Weigh In

Separately, Barrington Research restated an “outperform” rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, March 6th.

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.