Climb Global Solutions, Inc. (NASDAQ:CLMB) Director Jeffrey Richart Geygan Acquires 5,068 Shares

Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Rating) Director Jeffrey Richart Geygan purchased 5,068 shares of the business’s stock in a transaction on Thursday, May 18th. The shares were bought at an average cost of $49.47 per share, for a total transaction of $250,713.96. Following the completion of the transaction, the director now directly owns 143,408 shares in the company, valued at approximately $7,094,393.76. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Jeffrey Richart Geygan also recently made the following trade(s):

• On Monday, May 22nd, Jeffrey Richart Geygan purchased 80 shares of Climb Global Solutions stock. The shares were bought at an average cost of $50.00 per share, for a total transaction of $4,000.00.

Climb Global Solutions Price Performance

NASDAQ:CLMB opened at $49.50 on Tuesday. Climb Global Solutions, Inc. has a 52 week low of $24.65 and a 52 week high of $55.70. The company has a quick ratio of 1.13, a current ratio of 1.15 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $225.37 million, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.01 and a beta of 0.92. The stock’s 50-day moving average price is $49.64 and its 200-day moving average price is $40.65.

Climb Global Solutions (NASDAQ:CLMB – Get Rating) last posted its earnings results on Wednesday, March 1st. The company reported $1.08 EPS for the quarter, beating analysts’ consensus estimates 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 return on equity of 23.25% and a net margin of 4.12%. As a group, equities analysts expect that Climb Global Solutions, Inc. will post 3.02 EPS for the current fiscal year.

Climb Global Solutions Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 19th. Investors of record on Monday, May 15th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, May 12th. Climb Global Solutions’s dividend payout ratio is presently 23.21%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Climb Global Solutions in the 1st quarter valued at about $6,020,000. Geode Capital Management LLC purchased a new position in Climb Global Solutions in the 1st quarter valued at about $2,098,000. Ancora Advisors LLC purchased a new position in Climb Global Solutions in the 1st quarter valued at about $1,654,000. Susquehanna International Group LLP purchased a new position in Climb Global Solutions in the 1st quarter valued at about $1,543,000. Finally, Jane Street Group LLC purchased a new position in Climb Global Solutions in the 1st quarter valued at about $1,204,000. 40.82% of the stock is owned by hedge funds and other institutional investors.

About Climb Global Solutions

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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.