Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) - Analysts at Barrington Research issued their FY2025 earnings estimates for shares of Climb Global Solutions in a note issued to investors on Monday, March 17th. Barrington Research analyst V. Colicchio anticipates that the company will post earnings per share of $5.40 for the year. Barrington Research currently has a "Outperform" rating and a $136.00 target price on the stock. The consensus estimate for Climb Global Solutions' current full-year earnings is $4.14 per share.
Climb Global Solutions Trading Up 1.4 %
Shares of Climb Global Solutions stock traded up $1.58 during trading hours on Wednesday, reaching $117.38. 57,035 shares of the company's stock were exchanged, compared to its average volume of 25,765. The company has a 50 day moving average of $124.85 and a two-hundred day moving average of $118.13. Climb Global Solutions has a fifty-two week low of $49.70 and a fifty-two week high of $145.00. The stock has a market cap of $540.77 million, a P/E ratio of 31.81, a P/E/G ratio of 1.74 and a beta of 1.18.
Institutional Investors Weigh In On Climb Global Solutions
A number of institutional investors have recently made changes to their positions in CLMB. Summit Investment Advisors Inc. grew its holdings in Climb Global Solutions by 28.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 440 shares of the company's stock valued at $56,000 after buying an additional 97 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Climb Global Solutions by 200.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 477 shares of the company's stock worth $60,000 after purchasing an additional 318 shares in the last quarter. State of Wyoming bought a new position in shares of Climb Global Solutions during the fourth quarter worth approximately $64,000. MeadowBrook Investment Advisors LLC bought a new position in shares of Climb Global Solutions during the fourth quarter worth approximately $120,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of Climb Global Solutions in the third quarter valued at approximately $126,000. Institutional investors own 49.72% of the company's stock.
Insider Activity
In other news, Director Andrew S. Bryant sold 2,543 shares of Climb Global Solutions stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $125.50, for a total transaction of $319,146.50. Following the completion of the transaction, the director now directly owns 11,261 shares in the company, valued at approximately $1,413,255.50. The trade was a 18.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The stock was sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the transaction, the insider now directly owns 25,792 shares of the company's stock, valued at approximately $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. In the last 90 days, insiders sold 22,764 shares of company stock valued at $2,799,426. 9.60% of the stock is owned by insiders.
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 paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's dividend payout ratio is currently 16.75%.
Climb Global Solutions Company Profile
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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.
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