Climb Global Solutions’ (CLMB) “Outperform” Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Climb Global Solutions (NASDAQ:CLMB) in a research note released on Friday,Benzinga reports. Barrington Research currently has a $136.00 price target on the stock. Barrington Research also issued estimates for Climb Global Solutions’ FY2025 earnings at $4.75 EPS and FY2026 earnings at $5.54 EPS.

Other analysts also recently issued reports about the company. Weiss Ratings restated a “buy (b)” rating on shares of Climb Global Solutions in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Climb Global Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, November 1st. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Climb Global Solutions presently has a consensus rating of “Buy” and an average target price of $136.00.

Climb Global Solutions Price Performance

NASDAQ:CLMB opened at $110.53 on Friday. The firm has a 50 day simple moving average of $130.07 and a 200-day simple moving average of $116.27. The firm has a market cap of $509.87 million, a PE ratio of 23.77, a P/E/G ratio of 2.16 and a beta of 0.97. Climb Global Solutions has a 1-year low of $88.90 and a 1-year high of $145.02.

Climb Global Solutions (NASDAQ:CLMB) last issued its quarterly earnings results on Wednesday, October 29th. The company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.16. The company had revenue of $161.34 million for the quarter, compared to analyst estimates of $125.29 million. Climb Global Solutions had a return on equity of 27.35% and a net margin of 3.44%. As a group, sell-side analysts expect that Climb Global Solutions will post 4.14 earnings per share for the current fiscal year.

Climb Global Solutions Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 17th. Shareholders of record on Monday, November 10th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Monday, November 10th. Climb Global Solutions’s dividend payout ratio (DPR) is presently 14.62%.

Hedge Funds Weigh In On Climb Global Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Herald Investment Management Ltd grew its stake in shares of Climb Global Solutions by 11.1% in the third quarter. Herald Investment Management Ltd now owns 50,000 shares of the company’s stock worth $6,741,000 after purchasing an additional 5,000 shares in the last quarter. Caprock Group LLC acquired a new stake in shares of Climb Global Solutions during the 3rd quarter valued at $780,000. Rhumbline Advisers boosted its position in shares of Climb Global Solutions by 454.5% in the 3rd quarter. Rhumbline Advisers now owns 33,311 shares of the company’s stock valued at $4,492,000 after purchasing an additional 27,304 shares during the period. Navellier & Associates Inc. increased its position in shares of Climb Global Solutions by 22.6% in the third quarter. Navellier & Associates Inc. now owns 8,147 shares of the company’s stock worth $1,099,000 after acquiring an additional 1,502 shares in the last quarter. Finally, Alps Advisors Inc. grew its position in Climb Global Solutions by 6.6% during the 3rd quarter. Alps Advisors Inc. now owns 3,462 shares of the company’s stock worth $467,000 after purchasing an additional 213 shares in the last quarter. 49.72% of the stock is currently owned by institutional investors and hedge funds.

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.