Carriage Services, Inc. (NYSE:CSV) CFO Carl Benjamin Brink purchased 4,500 shares of the firm’s stock in a transaction dated Thursday, November 8th. The shares were bought at an average cost of $16.07 per share, with a total value of $72,315.00. Following the purchase, the chief financial officer now directly owns 20,583 shares of the company’s stock, valued at approximately $330,768.81. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of NYSE:CSV opened at $17.20 on Friday. The company has a market capitalization of $325.79 million, a P/E ratio of 12.69, a price-to-earnings-growth ratio of 0.97 and a beta of 0.55. Carriage Services, Inc. has a 52 week low of $14.57 and a 52 week high of $28.96. The company has a quick ratio of 1.01, a current ratio of 1.24 and a debt-to-equity ratio of 1.48.
Carriage Services (NYSE:CSV) last issued its quarterly earnings data 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 during 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%. On average, sell-side analysts predict that Carriage Services, Inc. will post 1.17 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 3rd. Investors of record on Tuesday, November 13th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Friday, November 9th. Carriage Services’s dividend payout ratio (DPR) is 21.58%.
A number of large investors have recently modified their holdings of the stock. Campbell & CO Investment Adviser LLC purchased a new position in Carriage Services in the second quarter worth $218,000. Trexquant Investment LP purchased a new position in Carriage Services in the third quarter worth $233,000. Engineers Gate Manager LP purchased a new position in Carriage Services in the second quarter worth $241,000. First Trust Advisors LP grew its holdings in Carriage Services by 18.8% in the second quarter. First Trust Advisors LP now owns 16,802 shares of the company’s stock worth $412,000 after purchasing an additional 2,658 shares during the last quarter. Finally, Bessemer Group Inc. grew its holdings in Carriage Services by 532.4% in the second quarter. Bessemer Group Inc. now owns 21,500 shares of the company’s stock worth $528,000 after purchasing an additional 18,100 shares during the last quarter. 79.19% of the stock is owned by institutional investors.
Several research firms have recently weighed in on CSV. Zacks Investment Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, November 5th. ValuEngine downgraded shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Barrington Research reissued a “buy” rating and issued a $32.00 price objective on shares of Carriage Services in a research note on Thursday, August 2nd. Finally, TheStreet downgraded shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th.
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Carriage Services Company Profile
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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