Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report)'s stock price gapped up prior to trading on Thursday following a dividend announcement from the company. The stock had previously closed at $118.81, but opened at $129.59. Climb Global Solutions shares last traded at $141.36, with a volume of 31,784 shares traded.
The newly announced dividend which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be given a $0.17 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. Climb Global Solutions's dividend payout ratio (DPR) is presently 16.75%.
Analyst Ratings Changes
Separately, Barrington Research reissued an "outperform" rating and issued a $136.00 price objective on shares of Climb Global Solutions in a research note on Thursday.
Check Out Our Latest Research Report on CLMB
Climb Global Solutions Price Performance
The stock has a market capitalization of $569.19 million, a PE ratio of 33.48, a P/E/G ratio of 1.74 and a beta of 1.18. The company's 50 day moving average price is $126.67 and its two-hundred day moving average price is $116.89.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in CLMB. Allspring Global Investments Holdings LLC lifted its position in Climb Global Solutions by 138,542.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 9,705 shares of the company's stock worth $1,230,000 after buying an additional 9,698 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Climb Global Solutions by 309.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,558 shares of the company's stock worth $752,000 after acquiring an additional 5,711 shares during the period. Flagship Harbor Advisors LLC acquired a new position in shares of Climb Global Solutions during the 4th quarter valued at about $250,000. State Street Corp boosted its position in shares of Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company's stock valued at $6,240,000 after acquiring an additional 6,979 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Climb Global Solutions by 59.0% in the 3rd quarter. Barclays PLC now owns 8,597 shares of the company's stock valued at $856,000 after buying an additional 3,189 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.
Climb Global Solutions Company Profile
(
Get Free Report)
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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