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 report released on Tuesday,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, FY2024 earnings at $4.14 EPS and FY2025 earnings at $4.55 EPS.

Climb Global Solutions Trading Down 0.3 %

Shares of CLMB stock opened at $121.21 on Tuesday. The firm has a market capitalization of $558.78 million, a price-to-earnings ratio of 32.85, a PEG ratio of 1.84 and a beta of 1.06. The business’s 50-day moving average price is $102.72 and its 200-day moving average price is $79.12. Climb Global Solutions has a 12 month low of $45.79 and a 12 month high of $124.50.

Climb Global Solutions Dividend Announcement

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

Hedge Funds Weigh In On Climb Global Solutions

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in Climb Global Solutions by 7.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 18,882 shares of the company’s stock worth $1,338,000 after purchasing an additional 1,323 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Climb Global Solutions by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock worth $662,000 after acquiring an additional 1,155 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Climb Global Solutions by 3.4% in the first quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock worth $15,871,000 after acquiring an additional 7,447 shares during the period. Quadrature Capital Ltd boosted its holdings in Climb Global Solutions by 27.8% in the first quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock valued at $400,000 after acquiring an additional 1,228 shares during the last quarter. Finally, Lazard Asset Management LLC increased its position in Climb Global Solutions by 82.1% during the 1st 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 during the period. 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.