Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) shares traded down 4.9% during mid-day trading on Friday . The stock traded as low as $118.25 and last traded at $118.25. 10,050 shares were traded during mid-day trading, a decline of 52% from the average session volume of 20,959 shares. The stock had previously closed at $124.38.
Analyst Upgrades and Downgrades
Separately, Barrington Research restated an "outperform" rating and set a $136.00 target price on shares of Climb Global Solutions in a research note on Thursday, December 12th.
View Our Latest Stock Report on CLMB
Climb Global Solutions Stock Performance
The firm has a market capitalization of $574.03 million, a PE ratio of 33.77, a PEG ratio of 1.92 and a beta of 1.13. The company's 50-day moving average price is $121.23 and its 200-day moving average price is $92.25.
Climb Global Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is 18.43%.
Institutional Investors Weigh In On Climb Global Solutions
Hedge funds and other institutional investors have recently made changes to their positions in the business. Franklin Resources Inc. purchased a new position in Climb Global Solutions in the third quarter valued at approximately $302,000. Virtu Financial LLC acquired a new position in shares of Climb Global Solutions in the 3rd quarter valued at $228,000. Barclays PLC grew its position 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 last quarter. Geode Capital Management LLC raised its stake in Climb Global Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company's stock worth $9,173,000 after acquiring an additional 881 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Climb Global Solutions in the third quarter valued at $222,000. Institutional investors and hedge funds own 49.72% of the company's stock.
About Climb Global Solutions
(
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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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