Climb Global Solutions (NASDAQ:CLMB) Sets New 52-Week High – Should You Buy?

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) reached a new 52-week high during trading on Friday . The company traded as high as $145.00 and last traded at $133.99, with a volume of 138867 shares traded. The stock had previously closed at $118.81.

Analysts Set New Price Targets

Separately, Barrington Research restated an “outperform” rating and issued a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday.

Climb Global Solutions Stock Down 1.6 %

The firm’s fifty day simple moving average is $126.73 and its 200-day simple moving average is $116.43. The company has a market cap of $607.48 million, a PE ratio of 35.73, a P/E/G ratio of 1.74 and a beta of 1.18.

Climb Global Solutions Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.17 per share. The ex-dividend date is Monday, March 17th. This represents a $0.68 annualized dividend and a yield of 0.52%. Climb Global Solutions’s dividend payout ratio is currently 16.75%.

Institutional Trading of Climb Global Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System bought a new position in shares of Climb Global Solutions during the 3rd quarter valued at about $38,000. Janney Montgomery Scott LLC raised its position in shares of Climb Global Solutions by 17.7% in the third quarter. Janney Montgomery Scott LLC now owns 23,030 shares of the company’s stock valued at $2,292,000 after purchasing an additional 3,463 shares during the period. Royce & Associates LP raised its position in shares of Climb Global Solutions by 314.5% in the third quarter. Royce & Associates LP now owns 35,919 shares of the company’s stock valued at $3,575,000 after purchasing an additional 27,254 shares during the period. Foundry Partners LLC grew its stake in shares of Climb Global Solutions by 0.9% in the third quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock worth $3,551,000 after acquiring an additional 330 shares during the last quarter. Finally, Navellier & Associates Inc. acquired a new stake in Climb Global Solutions during the third quarter worth $322,000. 49.72% of the stock is owned by institutional investors and hedge funds.

Climb Global Solutions Company Profile

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.