Carriage Services, Inc. (CSV) Director Purchases $24,250.00 in Stock
Carriage Services, Inc. (NYSE:CSV) Director James Raymond Schenck acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, August 18th. The stock was acquired at an average price of $24.25 per share, with a total value of $24,250.00. Following the acquisition, the director now owns 4,061 shares in the company, valued at $98,479.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Carriage Services, Inc. (CSV) traded down 0.17% on Monday, reaching $24.11. 43,943 shares of the company’s stock traded hands. The firm has a market cap of $403.12 million, a PE ratio of 20.41 and a beta of 0.92. The firm’s 50-day moving average is $25.55 and its 200 day moving average is $26.44. Carriage Services, Inc. has a 12 month low of $22.53 and a 12 month high of $29.11.
Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, July 26th. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.10. The business had revenue of $63.87 million for the quarter, compared to the consensus estimate of $64.35 million. Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. Carriage Services’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 EPS. Equities analysts predict that Carriage Services, Inc. will post $1.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Monday, August 14th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.83%. Carriage Services’s dividend payout ratio is presently 16.95%.
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Several research firms have issued reports on CSV. Zacks Investment Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Monday, July 31st. BidaskClub lowered shares of Carriage Services from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $82.00 price target on shares of Carriage Services in a report on Monday, June 12th.
Institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc increased its position in Carriage Services by 0.8% in the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock worth $110,000 after buying an additional 31 shares during the period. Acrospire Investment Management LLC increased its position in Carriage Services by 820.7% in the second quarter. Acrospire Investment Management LLC now owns 4,263 shares of the company’s stock worth $115,000 after buying an additional 3,800 shares during the period. Baker Ellis Asset Management LLC increased its position in Carriage Services by 2.5% in the second quarter. Baker Ellis Asset Management LLC now owns 6,150 shares of the company’s stock worth $166,000 after buying an additional 150 shares during the period. Trexquant Investment LP purchased a new position in Carriage Services during the second quarter worth about $202,000. Finally, Alliancebernstein L.P. purchased a new position in Carriage Services during the second quarter worth about $229,000. Institutional investors own 86.93% of the company’s stock.
About Carriage Services
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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