Barrington Research Issues Positive Forecast for Climb Global Solutions (NASDAQ:CLMB) Stock Price

Climb Global Solutions (NASDAQ:CLMB) had its price objective increased by Barrington Research from $90.00 to $136.00 in a research note published on Tuesday morning,Benzinga reports. Barrington Research currently has an outperform rating on the stock. Barrington Research also issued estimates for Climb Global Solutions’ Q4 2024 earnings at $1.12 EPS.

Climb Global Solutions Price Performance

CLMB stock opened at $121.16 on Tuesday. Climb Global Solutions has a 1 year low of $42.83 and a 1 year high of $124.23. The firm has a market capitalization of $558.55 million, a P/E ratio of 32.83, a P/E/G ratio of 3.33 and a beta of 1.06. The business’s 50-day moving average is $101.52 and its two-hundred day moving average is $78.53.

Climb Global Solutions Dividend Announcement

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

Institutional Investors Weigh In On Climb Global Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of CLMB. New York State Teachers Retirement System purchased a new position in Climb Global Solutions in the third quarter valued at $38,000. SG Americas Securities LLC purchased a new stake in Climb Global Solutions during the third quarter worth approximately $159,000. Lazard Asset Management LLC boosted its holdings in Climb Global Solutions by 82.1% in the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock valued at $207,000 after purchasing an additional 1,319 shares in the last quarter. Rhumbline Advisers increased its stake in Climb Global Solutions by 5.9% in the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after purchasing an additional 237 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Climb Global Solutions during the third quarter worth approximately $322,000. 49.72% of the stock is currently owned by institutional investors and hedge funds.

About Climb Global Solutions

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.