Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $118.77 and last traded at $118.77, with a volume of 2332 shares trading hands. The stock had previously closed at $109.46.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an “outperform” rating and set a $90.00 price objective on shares of Climb Global Solutions in a report on Thursday, October 10th.
Climb Global Solutions Trading Up 11.8 %
Climb Global Solutions (NASDAQ:CLMB – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.35. Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. The firm had revenue of $92.08 million for the quarter, compared to analyst estimates of $97.27 million. As a group, research analysts forecast that Climb Global Solutions, Inc. will post 3.28 earnings per share for the current fiscal year.
Climb Global Solutions Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 0.56%. The ex-dividend date is Friday, November 8th. Climb Global Solutions’s payout ratio is 18.43%.
Institutional Trading of Climb Global Solutions
A number of hedge funds and other institutional investors have recently made changes to their positions in CLMB. New York State Teachers Retirement System acquired a new position in shares of Climb Global Solutions in the 3rd quarter valued at $38,000. SG Americas Securities LLC bought a new stake in Climb Global Solutions during the 3rd quarter worth about $159,000. Lazard Asset Management LLC raised its holdings in Climb Global Solutions by 82.1% during the first 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. Rhumbline Advisers increased its position in shares of Climb Global Solutions by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock worth $266,000 after purchasing an additional 237 shares during the last quarter. Finally, Acuitas Investments LLC increased its holdings in Climb Global Solutions by 136.4% during the second quarter. Acuitas Investments LLC now owns 5,200 shares of the company’s stock worth $327,000 after buying an additional 3,000 shares during the last quarter. 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.
Featured Stories
- Five stocks we like better than Climb Global Solutions
- What is Forex and How Does it Work?
- What a Trump Win Looks Like for the Market Now and Into 2025
- Biggest Stock Losers – Today’s Biggest Percentage Decliners
- Russell 2000 Surge Post-Election: How to Play the Small-Cap Pop
- What Are Dividend Achievers? An Introduction
- Macro Headwinds Send Microchip Technology Stock to the Buy Zone
Receive News & Ratings for Climb Global Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Climb Global Solutions and related companies with MarketBeat.com's FREE daily email newsletter.