Climb Global Solutions (NASDAQ:CLMB) Price Target Raised to $136.00

Climb Global Solutions (NASDAQ:CLMB) had its price objective hoisted by Barrington Research from $90.00 to $136.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have 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 Stock Up 0.9 %

CLMB opened at $121.16 on Tuesday. The firm has a market cap of $558.55 million, a price-to-earnings ratio of 32.83, a price-to-earnings-growth ratio of 3.33 and a beta of 1.06. Climb Global Solutions has a 52 week low of $42.83 and a 52 week high of $124.23. The business’s 50 day moving average is $101.52 and its two-hundred day moving average is $78.53.

Climb Global Solutions Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Monday, November 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Friday, November 8th. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds have recently made changes to their positions in the business. Rhumbline Advisers increased its position in Climb Global Solutions by 5.9% in the 2nd quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock valued at $266,000 after acquiring an additional 237 shares during the period. Foundry Partners LLC grew its stake in shares of Climb Global Solutions by 0.9% in the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock valued at $3,551,000 after purchasing an additional 330 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Climb Global Solutions in the third quarter valued at approximately $38,000. Lakewood Asset Management LLC increased its holdings in shares of Climb Global Solutions by 6.6% in the third quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock valued at $982,000 after purchasing an additional 608 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Climb Global Solutions by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 39,954 shares of the company’s stock worth $2,510,000 after purchasing an additional 919 shares during the last quarter. Institutional investors and hedge funds own 49.72% of the company’s stock.

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.