Barrington Research Weighs in on CLMB FY2025 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Equities researchers at Barrington Research issued their FY2025 earnings estimates for Climb Global Solutions in a report released on Monday, March 17th. Barrington Research analyst V. Colicchio expects that the company will earn $5.40 per share for the year. Barrington Research currently has a “Outperform” rating and a $136.00 target price on the stock. The consensus estimate for Climb Global Solutions’ current full-year earnings is $4.14 per share.

Climb Global Solutions Stock Down 1.9 %

Climb Global Solutions stock opened at $115.80 on Wednesday. Climb Global Solutions has a 52-week low of $49.70 and a 52-week high of $145.00. The firm has a market capitalization of $533.49 million, a price-to-earnings ratio of 31.38, a PEG ratio of 1.74 and a beta of 1.18. The company has a fifty day simple moving average of $124.98 and a 200-day simple moving average of $117.79.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date is Monday, March 17th. Climb Global Solutions’s payout ratio is 16.75%.

Insider Transactions at Climb Global Solutions

In other news, CEO Dale Richard Foster sold 2,000 shares of the business’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $110.46, for a total transaction of $220,920.00. Following the transaction, the chief executive officer now owns 82,740 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Also, insider Charles Edward Bass sold 8,117 shares of the business’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 transaction, the insider now directly owns 25,792 shares in the company, valued at approximately $3,216,520.32. The trade was a 23.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,764 shares of company stock valued at $2,799,426 over the last 90 days. 9.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Climb Global Solutions by 4.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock valued at $303,000 after acquiring an additional 96 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Climb Global Solutions by 28.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock worth $56,000 after buying an additional 97 shares during the period. Northern Trust Corp boosted its stake in Climb Global Solutions by 0.3% during the fourth quarter. Northern Trust Corp now owns 48,768 shares of the company’s stock worth $6,181,000 after buying an additional 137 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Climb Global Solutions by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,837 shares of the company’s stock worth $1,500,000 after buying an additional 251 shares during the period. Finally, Barclays PLC boosted its stake in Climb Global Solutions by 3.5% during the fourth quarter. Barclays PLC now owns 8,897 shares of the company’s stock worth $1,128,000 after buying an additional 300 shares during the period. Institutional investors and hedge funds 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.