53,514 Shares in Carriage Services, Inc. $CSV Acquired by Seizert Capital Partners LLC

Seizert Capital Partners LLC bought a new position in Carriage Services, Inc. (NYSE:CSV) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 53,514 shares of the company’s stock, valued at approximately $2,448,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp grew its stake in shares of Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock valued at $36,000 after purchasing an additional 868 shares during the period. Simplex Trading LLC boosted its stake in Carriage Services by 408.7% during the second quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock valued at $69,000 after buying an additional 1,226 shares during the last quarter. US Bancorp DE purchased a new position in Carriage Services during the 1st quarter valued at approximately $93,000. State of Wyoming purchased a new stake in shares of Carriage Services during the 1st quarter worth approximately $108,000. Finally, Creative Planning bought a new position in shares of Carriage Services during the 2nd quarter valued at approximately $200,000. 66.46% of the stock is owned by institutional investors.

Carriage Services Stock Performance

Shares of NYSE:CSV opened at $40.90 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.72. Carriage Services, Inc. has a 12 month low of $35.51 and a 12 month high of $49.41. The company has a market capitalization of $643.97 million, a price-to-earnings ratio of 12.28, a PEG ratio of 0.89 and a beta of 0.92. The firm’s 50-day moving average is $44.01 and its 200 day moving average is $44.43.

Carriage Services (NYSE:CSV) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.03. The business had revenue of $102.74 million during the quarter, compared to the consensus estimate of $100.96 million. Carriage Services had a net margin of 12.85% and a return on equity of 21.63%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. Research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 3rd will be issued a dividend of $0.1125 per share. The ex-dividend date is Monday, November 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.1%. Carriage Services’s payout ratio is presently 14.47%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Carriage Services in a research report on Thursday, November 13th. B. Riley reaffirmed a “buy” rating and issued a $65.00 price target (up previously from $52.00) on shares of Carriage Services in a report on Friday, August 8th. Barrington Research reissued an “outperform” rating and set a $60.00 price objective on shares of Carriage Services in a research note on Friday, November 7th. Finally, Raymond James Financial began coverage on Carriage Services in a research note on Wednesday, October 1st. They issued an “outperform” rating and a $60.00 price objective for the company. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Carriage Services currently has a consensus rating of “Moderate Buy” and an average target price of $59.00.

Insider Buying and Selling

In other Carriage Services news, VP Shane Pudenz sold 13,027 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $44.36, for a total value of $577,877.72. Following the sale, the vice president owned 14,930 shares in the company, valued at $662,294.80. This trade represents a 46.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.