Climb Global Solutions, Inc. (NASDAQ:CLMB - Get Free Report) shares saw an uptick in trading volume on Thursday . 191,031 shares were traded during mid-day 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 Upgrades and Downgrades
Separately, Barrington Research reiterated an "outperform" rating and set a $136.00 price target on shares of Climb Global Solutions in a research report on Tuesday, May 13th.
Check Out Our Latest Report on Climb Global Solutions
Climb Global Solutions Trading Down 2.4%
The stock has a market cap of $494.72 million, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 1.74 and a beta of 1.12. The stock's 50-day moving average is $106.25 and its 200-day moving average is $119.71.
Climb Global Solutions (NASDAQ:CLMB - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.03). Climb Global Solutions had a net margin of 4.11% and a return on equity of 23.63%. The company had revenue of $138.04 million during the quarter, compared to the consensus estimate of $96.86 million. On average, equities analysts forecast that Climb Global Solutions, Inc. will post 4.14 EPS for the current year.
Climb Global Solutions Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Monday, May 12th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.63%. The ex-dividend date was Monday, May 12th. Climb Global Solutions's dividend payout ratio (DPR) is presently 15.93%.
Insider Transactions at Climb Global Solutions
In other Climb Global Solutions news, insider Charles Edward Bass sold 8,117 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $124.71, for a total transaction of $1,012,271.07. Following the completion of the sale, the insider now directly owns 25,792 shares of the company's stock, valued at approximately $3,216,520.32. This represents a 23.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Greg Scorziello sold 5,767 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $100.63, for a total transaction of $580,333.21. Following the sale, the director now owns 1,774 shares in the company, valued at $178,517.62. This represents a 76.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,531 shares of company stock valued at $3,379,759. Corporate insiders own 6.10% of the company's stock.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently modified their holdings of the business. Rhumbline Advisers lifted its stake in Climb Global Solutions by 6.0% in the 1st quarter. Rhumbline Advisers now owns 4,960 shares of the company's stock worth $549,000 after acquiring an additional 282 shares in the last quarter. Strs Ohio purchased a new stake in shares of Climb Global Solutions in the first quarter worth approximately $521,000. Jane Street Group LLC purchased a new stake in shares of Climb Global Solutions in the first quarter worth approximately $426,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Climb Global Solutions during the first quarter worth approximately $583,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Climb Global Solutions during the first quarter valued at approximately $775,000. Hedge funds and other institutional investors own 49.72% of the company's stock.
About Climb Global Solutions
(
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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