Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) saw an uptick in trading volume on Thursday . 191,031 shares changed hands during trading, an increase of 512% from the previous session's volume of 31,207 shares.The stock last traded at $110.57 and had previously closed at $106.80.
Analyst Ratings Changes
Separately, Barrington Research reiterated an "outperform" rating and issued a $136.00 target price on shares of Climb Global Solutions in a research note on Tuesday, May 13th.
Read Our Latest Report on CLMB
Climb Global Solutions Price Performance
The firm has a market capitalization of $504.38 million, a PE ratio of 29.70, a P/E/G ratio of 1.74 and a beta of 1.12. The company has a 50-day moving average price of $106.25 and a 200-day moving average price of $119.72.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.86 EPS for the quarter, missing the consensus estimate of $0.89 by ($0.03). The firm had revenue of $138.04 million for the quarter, compared to analyst estimates of $96.86 million. Climb Global Solutions had a return on equity of 23.63% and a net margin of 4.11%. On average, research analysts predict that Climb Global Solutions, Inc. will post 4.14 earnings per share for the current fiscal year.
Climb Global Solutions Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.62%. The ex-dividend date was Monday, May 12th. Climb Global Solutions's payout ratio is 15.93%.
Insider Transactions at Climb Global Solutions
In related news, CEO Dale Richard Foster sold 2,000 shares of Climb Global Solutions stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $110.46, for a total value of $220,920.00. Following the transaction, the chief executive officer now directly owns 82,740 shares in the company, valued at $9,139,460.40. The trade was a 2.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Edward Bass sold 8,117 shares of Climb Global Solutions stock in a transaction on Monday, March 10th. The shares were sold at an average price of $124.71, for a total value of $1,012,271.07. Following the transaction, the insider now owns 25,792 shares in the company, valued at $3,216,520.32. This represents a 23.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,531 shares of company stock valued at $3,379,759 over the last quarter. Company insiders own 6.10% of the company's stock.
Institutional Trading of Climb Global Solutions
A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Climb Global Solutions by 3.3% during the first quarter. Vanguard Group Inc. now owns 240,449 shares of the company's stock valued at $26,632,000 after purchasing an additional 7,737 shares during the last quarter. De Lisle Partners LLP lifted its position in shares of Climb Global Solutions by 8.4% during the 1st quarter. De Lisle Partners LLP now owns 224,588 shares of the company's stock worth $24,822,000 after purchasing an additional 17,308 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Climb Global Solutions by 1.4% during the 4th quarter. Wasatch Advisors LP now owns 122,723 shares of the company's stock worth $15,555,000 after purchasing an additional 1,645 shares during the last quarter. Invesco Ltd. lifted its position in shares of Climb Global Solutions by 11.5% during the 4th quarter. Invesco Ltd. now owns 95,199 shares of the company's stock worth $12,066,000 after purchasing an additional 9,853 shares during the last quarter. Finally, Choreo LLC increased its stake in Climb Global Solutions by 2.7% during the fourth quarter. Choreo LLC now owns 76,828 shares of the company's stock valued at $9,725,000 after acquiring an additional 2,002 shares during the period. Institutional investors and hedge funds own 49.72% of the company's stock.
Climb Global Solutions Company Profile
(
Get Free Report)
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.
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