Carriage Services, Inc. (NYSE:CSV) shares reached a new 52-week low on Wednesday . The stock traded as low as $22.15 and last traded at $22.37, with a volume of 2389 shares. The stock had previously closed at $22.64.

Several research firms recently weighed in on CSV. TheStreet lowered shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th. ValuEngine lowered shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Monday, August 13th. Finally, Barrington Research reissued a “buy” rating and set a $32.00 price objective on shares of Carriage Services in a research note on Thursday, August 2nd.

The company has a market capitalization of $429.03 million, a price-to-earnings ratio of 15.45, a P/E/G ratio of 1.11 and a beta of 0.46. The company has a current ratio of 2.62, a quick ratio of 2.36 and a debt-to-equity ratio of 1.49.

Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.22 earnings per share for the quarter, missing the 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 firm had revenue of $63.00 million for the quarter, compared to the consensus estimate of $69.16 million. equities analysts anticipate that Carriage Services, Inc. will post 1.34 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 4th. Investors of record on Tuesday, August 14th were paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Monday, August 13th. Carriage Services’s payout ratio is 21.58%.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its stake in Carriage Services by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 115,076 shares of the company’s stock valued at $2,825,000 after buying an additional 3,312 shares in the last quarter. Bank of America Corp DE lifted its stake in Carriage Services by 38.0% in the second quarter. Bank of America Corp DE now owns 168,075 shares of the company’s stock valued at $4,125,000 after buying an additional 46,264 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Carriage Services by 13.3% in the second quarter. Renaissance Technologies LLC now owns 1,150,700 shares of the company’s stock valued at $28,250,000 after buying an additional 134,800 shares in the last quarter. BlackRock Inc. lifted its stake in Carriage Services by 4.8% in the second quarter. BlackRock Inc. now owns 1,355,497 shares of the company’s stock valued at $33,278,000 after buying an additional 62,099 shares in the last quarter. Finally, Cadence Capital Management LLC lifted its stake in Carriage Services by 12.1% in the second quarter. Cadence Capital Management LLC now owns 55,998 shares of the company’s stock valued at $1,375,000 after buying an additional 6,051 shares in the last quarter. 78.73% of the stock is currently owned by hedge funds and other institutional investors.

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.

Recommended Story: Price to Earnings Ratio (PE), For Valuing Stocks

Receive News & Ratings for Carriage Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Carriage Services and related companies with MarketBeat.com's FREE daily email newsletter.