Carriage Services, Inc. (CSV) COO Mark R. Bruce Sells 3,000 Shares

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.

Carriage Services declared that its Board of Directors has approved a share repurchase plan on Wednesday, October 25th that permits the company to buyback $15.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

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.

Insider Buying and Selling by Quarter for Carriage Services (NYSE:CSV)

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