Climb Global Solutions Stock to Split on Monday, March 23rd (NASDAQ:CLMB)

Climb Global Solutions, Inc. (NASDAQ:CLMB)’s stock is set to split on Monday, March 23rd. The 4-1 split was announced on Monday, March 2nd. The newly issued shares will be distributed to shareholders after the closing bell on Friday, March 20th.

Climb Global Solutions Stock Down 2.9%

Shares of CLMB stock opened at $87.12 on Friday. Climb Global Solutions has a 12 month low of $80.08 and a 12 month high of $145.02. The company’s fifty day simple moving average is $112.44 and its 200-day simple moving average is $117.61. The firm has a market cap of $401.62 million, a PE ratio of 18.74, a P/E/G ratio of 1.41 and a beta of 1.18.

Climb Global Solutions (NASDAQ:CLMB) last announced its earnings results on Wednesday, February 25th. The company reported $1.53 EPS for the quarter, topping the consensus estimate of $1.26 by $0.27. Climb Global Solutions had a net margin of 3.27% and a return on equity of 21.86%. The business had revenue of $193.85 million during the quarter, compared to analysts’ expectations of $167.75 million. On average, equities analysts predict that Climb Global Solutions will post 4.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CLMB shares. Barrington Research decreased their price objective on Climb Global Solutions from $136.00 to $120.00 and set an “outperform” rating for the company in a report on Thursday. Wall Street Zen lowered Climb Global Solutions from a “buy” rating to a “hold” rating in a report on Saturday, December 20th. Weiss Ratings cut Climb Global Solutions from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Zacks Research upgraded Climb Global Solutions from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $120.00.

Institutional Investors Weigh In On Climb Global Solutions

Institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue acquired a new position in shares of Climb Global Solutions in the third quarter valued at approximately $27,000. Global Retirement Partners LLC acquired a new stake in Climb Global Solutions during the 4th quarter worth approximately $36,000. Bard Associates Inc. bought a new stake in Climb Global Solutions in the 4th quarter valued at $55,000. Tower Research Capital LLC TRC boosted its stake in Climb Global Solutions by 317.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 555 shares of the company’s stock valued at $59,000 after purchasing an additional 422 shares during the period. Finally, IFP Advisors Inc grew its holdings in Climb Global Solutions by 18.2% in the 3rd quarter. IFP Advisors Inc now owns 643 shares of the company’s stock valued at $90,000 after buying an additional 99 shares in the last quarter. Institutional investors own 49.72% of the company’s stock.

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.