Carriage Services, Inc. (NYSE:CSV) Director Bryan Leibman acquired 6,000 shares of the company’s stock in a transaction on Monday, November 5th. The stock was acquired at an average price of $15.84 per share, for a total transaction of $95,040.00. Following the completion of the purchase, the director now owns 24,837 shares of the company’s stock, valued at approximately $393,418.08. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Carriage Services stock opened at $17.20 on Friday. Carriage Services, Inc. has a 52-week low of $14.57 and a 52-week high of $28.96. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.48. The stock has a market cap of $310.47 million, a PE ratio of 12.37, a PEG ratio of 0.92 and a beta of 0.55.
Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). Carriage Services had a return on equity of 10.80% and a net margin of 13.91%. The firm had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.79 million. Equities analysts anticipate that Carriage Services, Inc. will post 1.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th will be paid a dividend of $0.075 per share. The ex-dividend date is Friday, November 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.74%. Carriage Services’s dividend payout ratio (DPR) is 21.58%.
Several institutional investors have recently modified their holdings of CSV. Millennium Management LLC increased its stake in shares of Carriage Services by 1,199.3% during the first quarter. Millennium Management LLC now owns 168,576 shares of the company’s stock worth $4,663,000 after acquiring an additional 155,602 shares during the period. Renaissance Technologies LLC increased its stake in shares of Carriage Services by 13.3% during the second quarter. Renaissance Technologies LLC now owns 1,150,700 shares of the company’s stock worth $28,250,000 after acquiring an additional 134,800 shares during the period. Mendel Money Management acquired a new position in shares of Carriage Services during the third quarter worth about $2,453,000. Fenimore Asset Management Inc. increased its stake in shares of Carriage Services by 28.9% during the third quarter. Fenimore Asset Management Inc. now owns 463,187 shares of the company’s stock worth $9,982,000 after acquiring an additional 103,897 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Carriage Services by 8.4% during the first quarter. BlackRock Inc. now owns 1,293,398 shares of the company’s stock worth $35,775,000 after acquiring an additional 100,187 shares during the period. Institutional investors and hedge funds own 79.19% of the company’s stock.
CSV has been the topic of a number of recent research reports. ValuEngine lowered shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Barrington Research restated an “outperform” rating and issued a $24.00 price objective (down from $32.00) on shares of Carriage Services in a research note on Thursday, November 1st. TheStreet lowered shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th. Finally, Zacks Investment Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, November 5th.
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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.
Further Reading: Outstanding Shares and The Effect on Share Price
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