Climb Global Solutions (NASDAQ:CLMB) Given New $136.00 Price Target at Barrington Research

Climb Global Solutions (NASDAQ:CLMB) had its price objective lifted by Barrington Research from $90.00 to $136.00 in a research report sent to investors 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, FY2024 earnings at $4.14 EPS and FY2025 earnings at $4.55 EPS.

Climb Global Solutions Trading Down 0.3 %

Shares of Climb Global Solutions stock opened at $120.80 on Tuesday. Climb Global Solutions has a twelve month low of $45.79 and a twelve month high of $124.50. The firm has a market capitalization of $556.53 million, a PE ratio of 32.74, a P/E/G ratio of 1.84 and a beta of 1.06. The firm’s 50-day moving average price is $103.38 and its 200 day moving average price is $79.49.

Climb Global Solutions Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions during the 3rd quarter worth $38,000. Harvest Fund Management Co. Ltd acquired a new position in Climb Global Solutions during the third quarter worth about $126,000. Quantbot Technologies LP acquired a new position in Climb Global Solutions during the third quarter worth about $147,000. SG Americas Securities LLC purchased a new stake in Climb Global Solutions during the 3rd quarter valued at about $159,000. Finally, Lazard Asset Management LLC raised 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 valued at $207,000 after acquiring an additional 1,319 shares during the last quarter. 49.72% of the stock is 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.