Barrington Research Weighs in on CLMB FY2025 Earnings

Climb Global Solutions, Inc. (NASDAQ:CLMB) – Research analysts at Barrington Research issued their FY2025 earnings per share estimates for Climb Global Solutions in a research report issued on Monday, March 17th. Barrington Research analyst V. Colicchio anticipates that the company will post earnings of $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 Trading Up 4.1 %

NASDAQ:CLMB opened at $118.07 on Wednesday. The stock has a market cap of $543.95 million, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.74 and a beta of 1.18. The stock’s 50-day moving average is $125.15 and its 200-day moving average is $117.80. Climb Global Solutions has a 1-year low of $49.70 and a 1-year high of $145.00.

Institutional Trading of Climb Global Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. boosted its holdings in Climb Global Solutions by 28.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 440 shares of the company’s stock valued at $56,000 after acquiring an additional 97 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Climb Global Solutions by 200.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 477 shares of the company’s stock valued at $60,000 after acquiring an additional 318 shares during the last quarter. State of Wyoming bought a new stake in Climb Global Solutions in the fourth quarter valued at approximately $64,000. MeadowBrook Investment Advisors LLC bought a new stake in Climb Global Solutions in the fourth quarter valued at approximately $120,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in Climb Global Solutions in the third quarter valued at approximately $126,000. 49.72% of the stock is currently owned by institutional investors.

Insider Transactions at Climb Global Solutions

In related news, Director Andrew S. Bryant sold 2,543 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $125.50, for a total value of $319,146.50. Following the sale, the director now directly owns 11,261 shares in the company, valued at $1,413,255.50. This represents a 18.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dale Richard Foster sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $123.92, for a total value of $929,400.00. Following the completion of the sale, the chief executive officer now owns 90,027 shares in the company, valued at $11,156,145.84. The trade was a 7.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 22,764 shares of company stock worth $2,799,426. Insiders own 9.60% of the company’s stock.

Climb Global Solutions Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend is Monday, March 17th. Climb Global Solutions’s dividend payout ratio (DPR) is currently 16.75%.

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.