Carriage Services, Inc. (NYSE:CSV) COO Mark R. Bruce sold 3,000 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $26.40, for a total value of $79,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Carriage Services, Inc. (NYSE:CSV) traded down $0.29 during trading on Tuesday, reaching $26.34. The company had a trading volume of 80,100 shares, compared to its average volume of 98,371. Carriage Services, Inc. has a 52 week low of $23.15 and a 52 week high of $29.11. The company has a market capitalization of $428.37, a price-to-earnings ratio of 19.58, a PEG ratio of 1.28 and a beta of 0.95. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.54 and a current ratio of 0.70.
Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). Carriage Services had a net margin of 7.29% and a return on equity of 13.54%. The firm had revenue of $61.10 million for the quarter, compared to the consensus estimate of $62.86 million. During the same period in the previous year, the company posted $0.43 earnings per share. Carriage Services’s quarterly revenue was up 1.7% on a year-over-year basis. sell-side analysts predict that Carriage Services, Inc. will post 1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Monday, November 13th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 10th. This is a positive change from Carriage Services’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 1.14%. Carriage Services’s dividend payout ratio is presently 29.41%.
A number of institutional investors have recently made changes to their positions in CSV. Legal & General Group Plc boosted its stake in Carriage Services by 0.8% during the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock valued at $110,000 after buying an additional 31 shares during the last quarter. Acrospire Investment Management LLC boosted its stake in Carriage Services by 820.7% during the second quarter. Acrospire Investment Management LLC now owns 4,263 shares of the company’s stock valued at $115,000 after buying an additional 3,800 shares during the last quarter. Trexquant Investment LP bought a new position in Carriage Services during the second quarter valued at approximately $202,000. Alliancebernstein L.P. bought a new position in Carriage Services during the second quarter valued at approximately $229,000. Finally, Aperio Group LLC boosted its stake in Carriage Services by 7.6% during the second quarter. Aperio Group LLC now owns 9,702 shares of the company’s stock valued at $262,000 after buying an additional 686 shares during the last quarter. 89.55% of the stock is owned by institutional investors.
Separately, Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
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Carriage Services Company Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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