Carriage Services, Inc. (CSV) CFO Acquires $72,315.00 in Stock

Carriage Services, Inc. (NYSE:CSV) CFO Carl Benjamin Brink purchased 4,500 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $16.07 per share, with a total value of $72,315.00. Following the purchase, the chief financial officer now owns 20,583 shares of the company’s stock, valued at $330,768.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of CSV opened at $17.20 on Friday. The stock has a market cap of $310.47 million, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 0.92 and a beta of 0.55. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.24 and a quick ratio of 1.01. Carriage Services, Inc. has a 12 month low of $14.57 and a 12 month high of $28.96.

Carriage Services (NYSE:CSV) last announced its quarterly earnings results on Wednesday, October 31st. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). The business had revenue of $64.24 million for the quarter, compared to the consensus estimate of $64.79 million. Carriage Services had a return on equity of 10.80% and a net margin of 13.91%. As a group, sell-side analysts anticipate that Carriage Services, Inc. will post 1.17 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be issued a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Friday, November 9th. Carriage Services’s payout ratio is 21.58%.

A number of brokerages have commented on CSV. Zacks Investment Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, November 5th. Barrington Research restated a “buy” rating and set a $32.00 price target on shares of Carriage Services in a research note on Thursday, August 2nd. ValuEngine cut shares of Carriage Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. Finally, TheStreet cut shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Carriage Services during the second quarter worth approximately $218,000. Engineers Gate Manager LP acquired a new stake in shares of Carriage Services during the second quarter worth approximately $241,000. Trexquant Investment LP acquired a new stake in shares of Carriage Services during the third quarter worth approximately $233,000. First Trust Advisors LP increased its holdings in shares of Carriage Services by 18.8% during the second quarter. First Trust Advisors LP now owns 16,802 shares of the company’s stock worth $412,000 after buying an additional 2,658 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Carriage Services by 532.4% during the second quarter. Bessemer Group Inc. now owns 21,500 shares of the company’s stock worth $528,000 after buying an additional 18,100 shares in the last quarter. 79.19% of the stock is owned by institutional investors.

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About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates through two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment offers burial, cremation, and consultation services; removes and prepares remains; sells caskets, urns, and related funeral merchandise; and enables the use of funeral home facilities for visitation, remembrance, and transportation services.

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