Climb Global Solutions (NASDAQ:CLMB) Sets New 1-Year High – Time to Buy?

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

Analysts Set New Price Targets

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

Climb Global Solutions Stock Performance

The stock has a market cap of $628.20 million, a P/E ratio of 36.93, a P/E/G ratio of 2.07 and a beta of 1.06. The stock’s fifty day simple moving average is $108.84 and its 200-day simple moving average is $82.95.

Climb Global Solutions Announces Dividend

The company 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 0.50%. The ex-dividend date of this dividend was Friday, November 8th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 18.43%.

Institutional Trading of Climb Global Solutions

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth approximately $228,000. Barclays PLC lifted its holdings in shares of Climb Global Solutions by 59.0% during the 3rd quarter. Barclays PLC now owns 8,597 shares of the company’s stock worth $856,000 after acquiring an additional 3,189 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Climb Global Solutions by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 92,143 shares of the company’s stock worth $9,173,000 after acquiring an additional 881 shares during the period. Kovitz Investment Group Partners LLC bought a new stake in shares of Climb Global Solutions during the 3rd quarter worth approximately $222,000. Finally, State Street Corp lifted its holdings in shares of Climb Global Solutions by 12.5% during the 3rd quarter. State Street Corp now owns 62,692 shares of the company’s stock worth $6,240,000 after acquiring an additional 6,979 shares during the period. Institutional investors own 49.72% of the company’s stock.

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.