Climb Global Solutions (NASDAQ:CLMB) Given “Outperform” Rating at Barrington Research

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

Climb Global Solutions Stock Up 0.6 %

NASDAQ:CLMB opened at $132.34 on Thursday. Climb Global Solutions has a 52 week low of $48.67 and a 52 week high of $142.50. The company has a fifty day simple moving average of $118.59 and a two-hundred day simple moving average of $89.72. The company has a market cap of $610.09 million, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.13.

Climb Global Solutions Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, November 8th. Climb Global Solutions’s dividend payout ratio is currently 18.43%.

Institutional Trading of Climb Global Solutions

Large investors have recently made changes to their positions in the company. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions in the 3rd quarter valued at approximately $38,000. Harvest Fund Management Co. Ltd purchased a new position in Climb Global Solutions in the third quarter valued at $126,000. Quantbot Technologies LP acquired a new stake in Climb Global Solutions in the third quarter valued at $147,000. SG Americas Securities LLC purchased a new stake in Climb Global Solutions during the 3rd quarter worth about $159,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in Climb Global Solutions during the 3rd quarter worth about $222,000. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

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.