OxFORD Asset Management LLP Acquires 31,394 Shares of Carriage Services, Inc. (CSV)

OxFORD Asset Management LLP increased its holdings in Carriage Services, Inc. (NYSE:CSV) by 146.8% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,777 shares of the company’s stock after buying an additional 31,394 shares during the period. OxFORD Asset Management LLP owned about 0.33% of Carriage Services worth $1,354,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of CSV. Bank of Nova Scotia acquired a new position in shares of Carriage Services during the second quarter worth $693,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of Carriage Services during the second quarter worth $1,270,000. Teachers Advisors LLC increased its position in shares of Carriage Services by 15.6% during the second quarter. Teachers Advisors LLC now owns 38,724 shares of the company’s stock worth $1,044,000 after purchasing an additional 5,228 shares in the last quarter. Summit Global Investments acquired a new position in shares of Carriage Services during the second quarter worth $520,000. Finally, GSA Capital Partners LLP increased its position in shares of Carriage Services by 160.7% during the second quarter. GSA Capital Partners LLP now owns 53,534 shares of the company’s stock worth $1,443,000 after purchasing an additional 33,000 shares in the last quarter. 89.28% 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 report on Tuesday, September 26th.

Carriage Services, Inc. (NYSE:CSV) opened at $26.23 on Tuesday. The stock has a market capitalization of $421.61, a price-to-earnings ratio of 19.27, a PEG ratio of 1.26 and a beta of 0.95. The company has a current ratio of 0.70, a quick ratio of 0.54 and a debt-to-equity ratio of 1.86. Carriage Services, Inc. has a 12-month low of $23.15 and a 12-month high of $29.11.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.12). The business had revenue of $61.10 million for the quarter, compared to analyst estimates of $62.86 million. Carriage Services had a return on equity of 13.54% and a net margin of 7.29%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. equities research analysts anticipate that Carriage Services, Inc. will post 1.39 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 10th. This is an increase from Carriage Services’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.14%. Carriage Services’s dividend payout ratio is presently 29.41%.

Carriage Services announced that its Board of Directors has authorized a share repurchase plan on Wednesday, October 25th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

In other news, COO Mark R. Bruce sold 3,000 shares of the business’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $26.40, for a total transaction of $79,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James Raymond Schenck acquired 1,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were bought at an average cost of $25.52 per share, for a total transaction of $25,520.00. Following the completion of the acquisition, the director now directly owns 5,061 shares of the company’s stock, valued at $129,156.72. The disclosure for this purchase can be found here. Corporate insiders own 13.40% of the company’s stock.

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Carriage Services 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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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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