Integrated Quantitative Investments LLC Invests $355,000 in Carriage Services, Inc. (NYSE:CSV)

Integrated Quantitative Investments LLC purchased a new stake in shares of Carriage Services, Inc. (NYSE:CSV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,896 shares of the company’s stock, valued at approximately $355,000. Integrated Quantitative Investments LLC owned about 0.06% of Carriage Services at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Values First Advisors Inc. boosted its position in shares of Carriage Services by 1.6% during the fourth quarter. Values First Advisors Inc. now owns 17,498 shares of the company’s stock valued at $697,000 after buying an additional 270 shares during the period. FMR LLC boosted its holdings in Carriage Services by 46.6% during the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock valued at $28,000 after acquiring an additional 271 shares during the period. Versor Investments LP grew its position in Carriage Services by 6.3% in the 4th quarter. Versor Investments LP now owns 8,387 shares of the company’s stock valued at $334,000 after acquiring an additional 500 shares during the last quarter. Principal Financial Group Inc. increased its stake in Carriage Services by 8.8% in the fourth quarter. Principal Financial Group Inc. now owns 7,700 shares of the company’s stock worth $307,000 after purchasing an additional 624 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its position in shares of Carriage Services by 1.3% during the fourth quarter. Hillsdale Investment Management Inc. now owns 61,486 shares of the company’s stock worth $2,450,000 after purchasing an additional 800 shares during the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Price Performance

CSV opened at $37.58 on Friday. The company has a market capitalization of $588.19 million, a price-to-earnings ratio of 16.85, a PEG ratio of 0.97 and a beta of 0.77. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. Carriage Services, Inc. has a 12-month low of $23.20 and a 12-month high of $42.75. The business’s fifty day simple moving average is $39.70 and its 200-day simple moving average is $37.97.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The company had revenue of $97.70 million during the quarter, compared to analyst estimates of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, equities research analysts anticipate that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Investors of record on Monday, February 3rd were issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.20%. The ex-dividend date of this dividend was Monday, February 3rd. Carriage Services’s payout ratio is 21.43%.

Wall Street Analyst Weigh In

CSV has been the topic of several recent analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $50.00 price target on shares of Carriage Services in a research note on Friday, February 28th. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th.

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.