Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) - Equities research analysts at Barrington Research issued their Q1 2025 earnings estimates for shares of Climb Global Solutions in a report issued on Monday, March 17th. Barrington Research analyst V. Colicchio anticipates that the company will earn $0.89 per share for the quarter. Barrington Research has a "Outperform" rating and a $136.00 price target on the stock. The consensus estimate for Climb Global Solutions' current full-year earnings is $4.14 per share. Barrington Research also issued estimates for Climb Global Solutions' Q2 2025 earnings at $0.99 EPS, Q3 2025 earnings at $1.52 EPS, Q4 2025 earnings at $1.99 EPS and FY2026 earnings at $5.95 EPS.
Climb Global Solutions Stock Up 1.4 %
CLMB stock traded up $1.58 during mid-day trading on Tuesday, hitting $117.38. The company had a trading volume of 57,035 shares, compared to its average volume of 25,689. The company has a market capitalization of $540.77 million, a price-to-earnings ratio of 31.81, a P/E/G ratio of 1.74 and a beta of 1.18. Climb Global Solutions has a 12-month low of $49.70 and a 12-month high of $145.00. The company has a 50-day moving average price of $124.85 and a 200 day moving average price of $117.94.
Climb Global Solutions Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Monday, March 17th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Monday, March 17th. Climb Global Solutions's payout ratio is currently 16.75%.
Insiders Place Their Bets
In other news, CEO Dale Richard Foster sold 2,000 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the sale, the chief executive officer now directly owns 82,740 shares in the company, valued at approximately $9,139,460.40. This represents a 2.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Andrew S. Bryant sold 2,543 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $125.50, for a total transaction of $319,146.50. Following the sale, the director now owns 11,261 shares in the company, valued at $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,764 shares of company stock worth $2,799,426 in the last 90 days. 9.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Climb Global Solutions
Several hedge funds have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $722,000. Tidal Investments LLC purchased a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $289,000. State of Wyoming purchased a new stake in shares of Climb Global Solutions during the 4th quarter valued at about $64,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Climb Global Solutions by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company's stock valued at $303,000 after buying an additional 96 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Climb Global Solutions by 195.2% in the 4th quarter. Lazard Asset Management LLC now owns 10,780 shares of the company's stock worth $1,366,000 after purchasing an additional 7,128 shares during the period. 49.72% of the stock is currently owned by hedge funds and other institutional investors.
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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