Climb Global Solutions (NASDAQ:CLMB) Sees Large Volume Increase – Here’s What Happened

Shares of Climb Global Solutions, Inc. (NASDAQ:CLMB) saw strong trading volume on Monday . 43,844 shares traded hands during mid-day trading, an increase of 78% from the previous session’s volume of 24,586 shares.The stock last traded at $124.52 and had previously closed at $131.86.

Analysts Set New Price Targets

Separately, Barrington Research reaffirmed an “outperform” rating and set a $136.00 price objective on shares of Climb Global Solutions in a report on Thursday.

Climb Global Solutions Price Performance

The stock has a market capitalization of $567.76 million, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The stock has a 50-day moving average of $126.73 and a 200 day moving average of $116.63.

Climb Global Solutions Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 21st. Shareholders of record on Monday, March 17th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s payout ratio is 16.75%.

Institutional Investors Weigh In On Climb Global Solutions

A number of institutional investors have recently made changes to their positions in CLMB. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Climb Global Solutions during the 4th quarter worth $722,000. Tidal Investments LLC bought a new stake in Climb Global Solutions during the 4th quarter worth approximately $289,000. State of Wyoming acquired a new stake in Climb Global Solutions during the 4th quarter worth approximately $64,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Climb Global Solutions by 4.2% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,391 shares of the company’s stock valued at $303,000 after buying an additional 96 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of Climb Global Solutions by 195.2% in the fourth quarter. Lazard Asset Management LLC now owns 10,780 shares of the company’s stock valued at $1,366,000 after buying an additional 7,128 shares during the period. 49.72% of the stock is owned by institutional investors and hedge funds.

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.