Climb Global Solutions, Inc. (NASDAQ:CLMB – Get Free Report) declared a quarterly dividend on Monday, April 29th, NASDAQ reports. Investors of record on Monday, May 13th will be paid a dividend of 0.17 per share on Friday, May 17th. This represents a $0.68 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend is Friday, May 10th.
Climb Global Solutions has a dividend payout ratio of 20.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Climb Global Solutions to earn $3.35 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.3%.
Climb Global Solutions Price Performance
NASDAQ CLMB traded down $1.50 during trading hours on Wednesday, reaching $56.88. 12,563 shares of the stock traded hands, compared to its average volume of 10,396. The stock has a 50 day simple moving average of $67.04 and a two-hundred day simple moving average of $57.47. Climb Global Solutions has a 1 year low of $37.67 and a 1 year high of $73.25. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.09 and a quick ratio of 1.08. The company has a market cap of $260.79 million, a price-to-earnings ratio of 22.05, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98.
Analysts Set New Price Targets
Separately, Barrington Research reduced their price target on Climb Global Solutions from $76.00 to $68.00 and set an “outperform” rating on the stock in a research report on Monday.
Read Our Latest Analysis on Climb Global Solutions
Insider Buying and Selling at Climb Global Solutions
In related news, CEO Dale Richard Foster sold 3,500 shares of Climb Global Solutions stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $65.49, for a total transaction of $229,215.00. Following the sale, the chief executive officer now directly owns 102,092 shares in the company, valued at $6,686,005.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Dale Richard Foster sold 3,500 shares of the business’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $65.49, for a total transaction of $229,215.00. Following the sale, the chief executive officer now owns 102,092 shares of the company’s stock, valued at $6,686,005.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Charles Edward Bass sold 500 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $65.05, for a total transaction of $32,525.00. Following the completion of the sale, the chief marketing officer now owns 37,097 shares in the company, valued at approximately $2,413,159.85. The disclosure for this sale can be found here. Insiders own 9.70% 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.
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