Russell Investments Group Ltd. Sells 983 Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB)

Russell Investments Group Ltd. cut its stake in Climb Global Solutions, Inc. (NASDAQ:CLMB) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,567 shares of the company’s stock after selling 983 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Climb Global Solutions worth $706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. MeadowBrook Investment Advisors LLC bought a new stake in Climb Global Solutions in the 4th quarter worth approximately $120,000. Virtu Financial LLC bought a new position in Climb Global Solutions in the third quarter valued at about $228,000. Cornerstone Investment Partners LLC purchased a new position in Climb Global Solutions in the fourth quarter worth about $236,000. SG Americas Securities LLC grew 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 valued at $245,000 after purchasing an additional 341 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $250,000. 49.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Insider Activity

In related news, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares in the company, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $929,400.00. Following the completion of the transaction, the chief executive officer now directly owns 90,027 shares of the company’s stock, valued at $11,156,145.84. This represents a 7.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock valued at $2,799,426 in the last ninety days. Corporate insiders own 9.60% of the company’s stock.

Climb Global Solutions Price Performance

NASDAQ:CLMB opened at $106.39 on Wednesday. The firm has a market capitalization of $490.14 million, a price-to-earnings ratio of 28.83, a price-to-earnings-growth ratio of 1.74 and a beta of 1.13. The business has a fifty day moving average price of $114.16 and a 200-day moving average price of $120.08. Climb Global Solutions, Inc. has a one year low of $49.70 and a one year high of $145.00.

Climb Global Solutions Announces Dividend

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

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.