Climb Global Solutions (NASDAQ:CLMB) Reaches New 12-Month High – Should You Buy?

Climb Global Solutions, Inc. (NASDAQ:CLMB) hit a new 52-week high 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.

Analyst Upgrades and Downgrades

Separately, Barrington Research upped their price target 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 company has a market capitalization of $629.59 million, a price-to-earnings ratio of 37.91, a P/E/G ratio of 2.11 and a beta of 1.06. The stock’s fifty day simple moving average is $107.94 and its two-hundred day simple moving average is $82.38.

Climb Global Solutions Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Monday, November 11th were issued a dividend of $0.17 per share. The ex-dividend date was Friday, November 8th. This represents a $0.68 annualized dividend and a yield of 0.50%. Climb Global Solutions’s payout ratio is presently 18.43%.

Institutional Trading of Climb Global Solutions

Several institutional investors and hedge funds have recently bought and sold shares of CLMB. Russell Investments Group Ltd. raised its holdings in Climb Global Solutions by 14.1% during the 1st quarter. Russell Investments Group Ltd. now owns 9,343 shares of the company’s stock worth $662,000 after buying an additional 1,155 shares during the period. Vanguard Group Inc. increased its holdings in shares of Climb Global Solutions by 3.4% in the 1st quarter. Vanguard Group Inc. now owns 223,907 shares of the company’s stock valued at $15,871,000 after purchasing an additional 7,447 shares during the period. Quadrature Capital Ltd increased its holdings in Climb Global Solutions by 27.8% in the first quarter. Quadrature Capital Ltd now owns 5,652 shares of the company’s stock worth $400,000 after buying an additional 1,228 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Climb Global Solutions by 82.1% in the first quarter. Lazard Asset Management LLC now owns 2,925 shares of the company’s stock worth $207,000 after buying an additional 1,319 shares during the last quarter. Finally, Ancora Advisors LLC increased its holdings in Climb Global Solutions by 4.2% in the first quarter. Ancora Advisors LLC now owns 28,101 shares of the company’s stock worth $1,992,000 after buying an additional 1,140 shares during the last quarter. Institutional investors and hedge funds 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.