Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) fell 2.6% on Thursday . The company traded as low as $125.35 and last traded at $125.35. 15,761 shares traded hands during trading, a decline of 25% from the average session volume of 21,075 shares. The stock had previously closed at $128.74.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an "outperform" rating and set a $136.00 price target on shares of Climb Global Solutions in a research note on Thursday, December 12th.
Check Out Our Latest Research Report on Climb Global Solutions
Climb Global Solutions Stock Down 0.1 %
The stock has a market capitalization of $592.64 million, a price-to-earnings ratio of 34.86, a PEG ratio of 1.92 and a beta of 1.13. The firm has a fifty day moving average of $123.18 and a 200-day moving average of $94.70.
Climb Global Solutions Announces Dividend
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 $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is presently 18.43%.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CLMB. New York State Teachers Retirement System acquired a new stake in shares of Climb Global Solutions during the 3rd quarter worth about $38,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Climb Global Solutions during the third quarter worth $126,000. Quantbot Technologies LP purchased a new stake in shares of Climb Global Solutions in the third quarter valued at $147,000. SG Americas Securities LLC acquired a new position in Climb Global Solutions in the third quarter valued at $159,000. Finally, Kovitz Investment Group Partners LLC purchased a new position in Climb Global Solutions during the third quarter worth about $222,000. 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.
Further Reading
Before you consider Climb Global Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Climb Global Solutions wasn't on the list.
While Climb Global Solutions currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
