Climb Global Solutions, Inc. (NASDAQ:CLMB - Free Report) - Investment analysts at Barrington Research raised their Q4 2024 earnings estimates for Climb Global Solutions in a research report issued on Tuesday, November 12th. Barrington Research analyst V. Colicchio now expects that the company will earn $1.12 per share for the quarter, up from their prior forecast of $0.96. Barrington Research currently has a "Outperform" rating and a $136.00 target price on the stock. The consensus estimate for Climb Global Solutions' current full-year earnings is $3.28 per share.
Climb Global Solutions Stock Performance
Shares of NASDAQ CLMB traded up $0.41 during midday trading on Wednesday, hitting $121.57. 24,346 shares of the stock traded hands, compared to its average volume of 19,586. The firm has a market capitalization of $560.44 million, a P/E ratio of 32.95, a PEG ratio of 3.36 and a beta of 1.06. Climb Global Solutions has a one year low of $44.81 and a one year high of $124.50. The firm has a 50-day moving average of $102.10 and a two-hundred day moving average of $78.83.
Climb Global Solutions Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Monday, November 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.56%. The ex-dividend date is Friday, November 8th. Climb Global Solutions's payout ratio is currently 18.43%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of CLMB. Vanguard Group Inc. raised its holdings in Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company's stock worth $15,871,000 after purchasing an additional 7,447 shares during the period. Choreo LLC bought a new position in shares of Climb Global Solutions in the second quarter worth about $4,491,000. Pinnacle Associates Ltd. lifted its position in shares of Climb Global Solutions by 66.8% during the 3rd quarter. Pinnacle Associates Ltd. now owns 18,221 shares of the company's stock valued at $1,814,000 after buying an additional 7,298 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Climb Global Solutions during the 3rd quarter valued at approximately $159,000. Finally, Lazard Asset Management LLC increased its holdings in Climb Global Solutions by 82.1% in the 1st quarter. Lazard Asset Management LLC now owns 2,925 shares of the company's stock worth $207,000 after acquiring an additional 1,319 shares in the last quarter. Hedge funds and other institutional investors 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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