CLMB FY2024 EPS Estimate Increased by Barrington Research

Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) - Stock analysts at Barrington Research raised their FY2024 earnings estimates for shares of Climb Global Solutions in a research report issued to clients and investors on Tuesday, November 12th. Barrington Research analyst V. Colicchio now forecasts that the company will post earnings of $4.14 per share for the year, up from their prior estimate of $3.28. Barrington Research has a "Outperform" rating and a $136.00 price objective on the stock. The consensus estimate for Climb Global Solutions' current full-year earnings is $3.28 per share. Barrington Research also issued estimates for Climb Global Solutions' FY2025 earnings at $4.55 EPS.

Climb Global Solutions Price Performance

Shares of NASDAQ CLMB traded down $0.90 during midday trading on Thursday, reaching $120.67. 20,768 shares of the stock traded hands, compared to its average volume of 19,590. The company's 50 day moving average is $102.10 and its 200 day moving average is $78.83. The stock has a market capitalization of $556.29 million, a PE ratio of 32.95, a P/E/G ratio of 3.36 and a beta of 1.06. Climb Global Solutions has a one year low of $45.79 and a one year high of $124.50.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Monday, November 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, November 8th. Climb Global Solutions's dividend payout ratio (DPR) is presently 18.43%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CLMB. Vanguard Group Inc. increased its holdings in shares of Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company's stock valued at $15,871,000 after purchasing an additional 7,447 shares during the last quarter. De Lisle Partners LLP lifted its holdings in Climb Global Solutions by 24.1% during the 3rd quarter. De Lisle Partners LLP now owns 194,280 shares of the company's stock worth $19,272,000 after buying an additional 37,747 shares in the last quarter. Choreo LLC acquired a new position in Climb Global Solutions during the 2nd quarter worth $4,491,000. Herald Investment Management Ltd increased its holdings in Climb Global Solutions by 3.0% during the 2nd quarter. Herald Investment Management Ltd now owns 40,000 shares of the company's stock worth $2,447,000 after purchasing an additional 1,159 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Climb Global Solutions by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company's stock worth $2,510,000 after buying an additional 919 shares during the period. 49.72% of the stock is currently owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

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.