Carriage Services, Inc. (NYSE:CSV) shares reached a new 52-week low on Monday . The stock traded as low as $21.93 and last traded at $21.94, with a volume of 2641 shares traded. The stock had previously closed at $22.41.

A number of brokerages recently commented on CSV. Barrington Research restated a “buy” rating on shares of Carriage Services in a research report on Friday, June 8th. ValuEngine cut Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd. Finally, TheStreet cut Carriage Services from a “b-” rating to a “c+” rating in a research report on Thursday, August 30th.

The company has a quick ratio of 2.36, a current ratio of 2.62 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $428.64 million, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 1.11 and a beta of 0.47.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, August 1st. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.15). Carriage Services had a return on equity of 12.49% and a net margin of 14.40%. The company had revenue of $63.00 million during the quarter, compared to the consensus estimate of $69.16 million. equities analysts forecast that Carriage Services, Inc. will post 1.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Tuesday, August 14th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, August 13th. Carriage Services’s payout ratio is currently 21.58%.

In related news, Director Donald Douglas Patteson, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Monday, August 20th. The shares were bought at an average price of $23.25 per share, for a total transaction of $93,000.00. Following the completion of the transaction, the director now owns 51,431 shares of the company’s stock, valued at $1,195,770.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.60% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in CSV. Campbell & CO Investment Adviser LLC bought a new position in Carriage Services in the second quarter valued at about $218,000. Engineers Gate Manager LP bought a new position in Carriage Services in the second quarter valued at about $241,000. Spark Investment Management LLC bought a new position in Carriage Services in the first quarter valued at about $362,000. Victory Capital Management Inc. bought a new position in Carriage Services in the first quarter valued at about $368,000. Finally, First Trust Advisors LP grew its position in Carriage Services by 18.8% in the second quarter. First Trust Advisors LP now owns 16,802 shares of the company’s stock valued at $412,000 after acquiring an additional 2,658 shares during the last quarter. Hedge funds and other institutional investors own 78.73% of the company’s stock.

Carriage Services Company Profile (NYSE:CSV)

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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