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 (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.
ILLEGAL ACTIVITY NOTICE: “OxFORD Asset Management LLP Acquires 31,394 Shares of Carriage Services, Inc. (CSV)” was originally published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://sportsperspectives.com/2017/12/19/oxford-asset-management-llp-acquires-31394-shares-of-carriage-services-inc-csv.html.
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.
Want to see what other hedge funds are holding CSV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Carriage Services, Inc. (NYSE:CSV).
Receive News & Ratings for Carriage Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services and related companies with MarketBeat.com's FREE daily email newsletter.