Climb Global Solutions (NASDAQ:CLMB) Reaches New 12-Month High – Should You Buy?

Climb Global Solutions, Inc. (NASDAQ:CLMB)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $142.50 and last traded at $140.70, with a volume of 4474 shares. The stock had previously closed at $139.88.

Wall Street Analysts Forecast Growth

Separately, Barrington Research upped their price target on shares of Climb Global Solutions from $90.00 to $136.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 12th.

Climb Global Solutions Stock Down 2.4 %

The firm’s 50-day moving average price is $107.94 and its 200 day moving average price is $82.38. The firm has a market cap of $629.59 million, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06.

Climb Global Solutions Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Monday, November 11th were given a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a dividend yield of 0.50%. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Institutional Investors Weigh In On Climb Global Solutions

Several institutional investors have recently bought and sold shares of CLMB. Russell Investments Group Ltd. lifted its holdings in Climb Global Solutions by 14.1% in the first quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock worth $662,000 after purchasing an additional 1,155 shares during the period. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 7,447 shares during the period. Quadrature Capital Ltd lifted 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 worth $400,000 after purchasing an additional 1,228 shares during the period. Lazard Asset Management LLC lifted its holdings in Climb Global Solutions by 82.1% in the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after purchasing an additional 1,319 shares during the period. Finally, Ancora Advisors LLC lifted its holdings in Climb Global Solutions by 4.2% in the first quarter. Ancora Advisors LLC now owns 28,101 shares of the company’s stock worth $1,992,000 after purchasing an additional 1,140 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.