Climb Global Solutions’ (CLMB) Outperform Rating Reaffirmed at Barrington Research

Barrington Research reiterated their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB) in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a $136.00 price objective on the stock.

Climb Global Solutions Stock Performance

CLMB opened at $132.34 on Thursday. The stock has a market capitalization of $610.09 million, a PE ratio of 35.64, a P/E/G ratio of 1.97 and a beta of 1.13. Climb Global Solutions has a one year low of $48.67 and a one year high of $142.50. The business’s 50 day moving average price is $118.59 and its 200 day moving average price is $89.72.

Climb Global Solutions Dividend Announcement

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

Institutional Trading of Climb Global Solutions

Institutional investors and hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers boosted its stake in Climb Global Solutions by 5.9% during the second quarter. Rhumbline Advisers now owns 4,239 shares of the company’s stock worth $266,000 after buying an additional 237 shares during the period. Foundry Partners LLC boosted its position in shares of Climb Global Solutions by 0.9% during the 3rd quarter. Foundry Partners LLC now owns 35,675 shares of the company’s stock worth $3,551,000 after purchasing an additional 330 shares during the period. New York State Teachers Retirement System acquired a new stake in Climb Global Solutions in the 3rd quarter valued at approximately $38,000. Martingale Asset Management L P raised its position in Climb Global Solutions by 8.4% in the third quarter. Martingale Asset Management L P now owns 5,007 shares of the company’s stock valued at $498,000 after purchasing an additional 388 shares during the period. Finally, Lakewood Asset Management LLC boosted its position in shares of Climb Global Solutions by 6.6% during the third quarter. Lakewood Asset Management LLC now owns 9,862 shares of the company’s stock worth $982,000 after buying an additional 608 shares during the period. 49.72% of the stock is currently owned by hedge funds and other institutional investors.

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.