Climb Global Solutions’ (CLMB) “Outperform” Rating Reiterated at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB) in a report published on Thursday morning,Benzinga reports. They currently have a $136.00 target price on the stock.

Climb Global Solutions Stock Performance

Shares of CLMB stock opened at $127.11 on Thursday. Climb Global Solutions has a fifty-two week low of $48.67 and a fifty-two week high of $142.50. The stock’s fifty day moving average is $119.19 and its two-hundred day moving average is $90.47. The firm has a market capitalization of $585.60 million, a P/E ratio of 34.45, a PEG ratio of 1.97 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Monday, November 11th were paid a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.53%. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. De Lisle Partners LLP increased its position in Climb Global Solutions by 24.1% during the third quarter. De Lisle Partners LLP now owns 194,280 shares of the company’s stock worth $19,272,000 after purchasing an additional 37,747 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Climb Global Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after buying an additional 881 shares during the last quarter. Choreo LLC purchased a new stake in shares of Climb Global Solutions during the 2nd quarter valued at approximately $4,491,000. State Street Corp lifted its holdings in Climb Global Solutions by 12.5% in the third quarter. State Street Corp now owns 62,692 shares of the company’s stock valued at $6,240,000 after acquiring an additional 6,979 shares during the last quarter. Finally, Herald Investment Management Ltd grew its position in Climb Global Solutions by 3.0% in the second quarter. Herald Investment Management Ltd now owns 40,000 shares of the company’s stock worth $2,447,000 after acquiring an additional 1,159 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.