Global Alpha Capital Management Ltd. increased its position in shares of Carriage Services, Inc. (NYSE:CSV) by 109.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 660,693 shares of the company’s stock after purchasing an additional 344,700 shares during the period. Carriage Services accounts for approximately 3.4% of Global Alpha Capital Management Ltd.’s portfolio, making the stock its 10th largest position. Global Alpha Capital Management Ltd. owned 3.45% of Carriage Services worth $14,238,000 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. Tower Research Capital LLC TRC boosted its stake in Carriage Services by 2,116.5% in the third quarter. Tower Research Capital LLC TRC now owns 9,376 shares of the company’s stock valued at $202,000 after acquiring an additional 8,953 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Carriage Services in the third quarter valued at $210,000. Engineers Gate Manager LP acquired a new position in Carriage Services in the second quarter valued at $241,000. Trexquant Investment LP acquired a new position in Carriage Services in the third quarter valued at $233,000. Finally, First Trust Advisors LP boosted its stake 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 in the last quarter. Institutional investors own 79.85% of the company’s stock.

In other Carriage Services news, Director Barry K. Fingerhut bought 1,700 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was acquired at an average price of $16.80 per share, for a total transaction of $28,560.00. Following the completion of the purchase, the director now owns 5,942 shares of the company’s stock, valued at $99,825.60. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn R. Phillips sold 6,500 shares of the stock in a transaction dated Thursday, September 27th. The stock was sold at an average price of $21.65, for a total transaction of $140,725.00. Following the sale, the insider now owns 106,946 shares of the company’s stock, valued at approximately $2,315,380.90. The disclosure for this sale can be found here. Insiders have bought 146,851 shares of company stock valued at $2,392,102 in the last quarter. Insiders own 13.60% of the company’s stock.

Several research firms have issued reports on CSV. Zacks Investment Research downgraded shares of Carriage Services from a “hold” rating to a “strong sell” rating in a research note on Monday, November 5th. ValuEngine downgraded shares of Carriage Services from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 1st. TheStreet downgraded shares of Carriage Services from a “b-” rating to a “c+” rating in a research note on Thursday, August 30th. Finally, Barrington Research restated an “outperform” rating and issued a $24.00 price objective (down previously from $32.00) on shares of Carriage Services in a research note on Thursday, November 1st.

NYSE CSV opened at $16.51 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.24 and a quick ratio of 1.01. Carriage Services, Inc. has a 1 year low of $14.57 and a 1 year high of $28.96. The firm has a market capitalization of $316.56 million, a price-to-earnings ratio of 11.88, a P/E/G ratio of 0.94 and a beta of 0.56.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, October 31st. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08). Carriage Services had a return on equity of 10.80% and a net margin of 13.91%. The business had revenue of $64.24 million for the quarter, compared to analyst estimates of $64.79 million. On average, sell-side analysts anticipate that Carriage Services, Inc. will post 1.17 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Stockholders of record on Tuesday, November 13th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.30 annualized dividend and a dividend yield of 1.82%. Carriage Services’s dividend payout ratio (DPR) is 21.58%.

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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.

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Institutional Ownership by Quarter for Carriage Services (NYSE:CSV)

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