Barrington Research Reaffirms “Outperform” Rating for Climb Global Solutions (NASDAQ:CLMB)

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

Climb Global Solutions Stock Performance

Shares of CLMB opened at $127.11 on Thursday. The company’s 50-day simple moving average is $119.19 and its 200-day simple moving average is $90.47. Climb Global Solutions has a 1 year low of $48.67 and a 1 year high of $142.50. The stock has a market capitalization of $585.60 million, a PE ratio of 34.45, a P/E/G ratio of 1.97 and a beta of 1.13.

Climb Global Solutions Dividend Announcement

The firm 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. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.53%. Climb Global Solutions’s dividend payout ratio is presently 18.43%.

Institutional Trading of Climb Global Solutions

A number of large investors have recently modified their holdings of CLMB. New York State Teachers Retirement System purchased a new stake in shares of Climb Global Solutions during the third quarter worth approximately $38,000. Harvest Fund Management Co. Ltd acquired a new position in Climb Global Solutions during the 3rd quarter worth approximately $126,000. Quantbot Technologies LP acquired a new stake in shares of Climb Global Solutions in the 3rd quarter valued at $147,000. SG Americas Securities LLC purchased a new stake in shares of Climb Global Solutions during the 3rd quarter worth $159,000. Finally, Kovitz Investment Group Partners LLC purchased a new stake in shares of Climb Global Solutions during the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 49.72% of the company’s stock.

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.