Barrington Research reaffirmed their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB - Free Report) in a report issued on Thursday,Benzinga reports. They currently have a $136.00 target price on the stock.
Climb Global Solutions Trading Down 4.6 %
CLMB stock traded down $6.02 during trading on Thursday, reaching $125.84. The stock had a trading volume of 64,314 shares, compared to its average volume of 24,669. The stock's 50 day moving average is $126.73 and its two-hundred day moving average is $116.63. The firm has a market cap of $579.73 million, a PE ratio of 33.91, a PEG ratio of 1.74 and a beta of 1.18. Climb Global Solutions has a 52 week low of $49.70 and a 52 week high of $145.00.
Climb Global Solutions Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions's payout ratio is currently 16.75%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions in the 3rd quarter worth $38,000. Janney Montgomery Scott LLC raised its holdings in shares of Climb Global Solutions by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company's stock valued at $2,292,000 after acquiring an additional 3,463 shares in the last quarter. Royce & Associates LP lifted its stake in Climb Global Solutions by 314.5% in the third quarter. Royce & Associates LP now owns 35,919 shares of the company's stock worth $3,575,000 after acquiring an additional 27,254 shares during the period. Foundry Partners LLC grew its holdings in Climb Global Solutions by 0.9% during the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company's stock worth $3,551,000 after acquiring an additional 330 shares in the last quarter. Finally, Navellier & Associates Inc. purchased a new position in Climb Global Solutions during the 3rd quarter valued at about $322,000. Institutional investors own 49.72% of the company's stock.
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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