Carriage Services, Inc. (NYSE:CSV) insider Adeola Olaniyan sold 901 shares of the stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $25.77, for a total value of $23,218.77. Following the completion of the sale, the insider now directly owns 1,899 shares in the company, valued at $48,937.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Adeola Olaniyan also recently made the following trade(s):
- On Friday, December 15th, Adeola Olaniyan sold 340 shares of Carriage Services stock. The shares were sold at an average price of $26.28, for a total value of $8,935.20.
Carriage Services, Inc. (CSV) traded up $0.19 during trading on Monday, hitting $26.60. The company had a trading volume of 135,000 shares, compared to its average volume of 103,178. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.70 and a quick ratio of 0.54. Carriage Services, Inc. has a 12 month low of $23.15 and a 12 month high of $28.96. The stock has a market capitalization of $427.89, a PE ratio of 26.08, a PEG ratio of 0.99 and a beta of 0.95.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.12). The business had revenue of $61.10 million for the quarter, compared to analysts’ expectations of $62.86 million. Carriage Services had a net margin of 7.29% and a return on equity of 13.54%. The company’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. research analysts anticipate that Carriage Services, Inc. will post 1.39 earnings per share for the current fiscal year.
Carriage Services declared that its Board of Directors has initiated a stock repurchase program on Wednesday, October 25th that permits the company to repurchase $15.00 million in outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
A number of large investors have recently made changes to their positions in CSV. Teachers Advisors LLC boosted its position in Carriage Services by 2.8% in the first quarter. Teachers Advisors LLC now owns 33,496 shares of the company’s stock worth $908,000 after purchasing an additional 904 shares during the last quarter. Vanguard Group Inc. boosted its position in Carriage Services by 6.7% in the first quarter. Vanguard Group Inc. now owns 605,013 shares of the company’s stock worth $16,407,000 after purchasing an additional 38,056 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in Carriage Services by 6.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 56,994 shares of the company’s stock worth $1,546,000 after purchasing an additional 3,243 shares during the last quarter. Credit Suisse AG raised its stake in shares of Carriage Services by 39.8% in the first quarter. Credit Suisse AG now owns 12,999 shares of the company’s stock worth $352,000 after buying an additional 3,701 shares during the period. Finally, Aperio Group LLC raised its stake in shares of Carriage Services by 7.6% in the second quarter. Aperio Group LLC now owns 9,702 shares of the company’s stock worth $262,000 after buying an additional 686 shares during the period. 89.28% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research raised Carriage Services from a “strong sell” rating to a “hold” rating in a research report 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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