Fenimore Asset Management Inc. Has $7.40 Million Stake in Carriage Services, Inc. (CSV)
Fenimore Asset Management Inc. grew its position in Carriage Services, Inc. (NYSE:CSV) by 0.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 287,955 shares of the company’s stock after purchasing an additional 2,025 shares during the quarter. Fenimore Asset Management Inc.’s holdings in Carriage Services were worth $7,403,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Carriage Services by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,406,074 shares of the company’s stock valued at $35,996,000 after purchasing an additional 6,313 shares during the last quarter. LSV Asset Management boosted its stake in shares of Carriage Services by 8.9% in the 4th quarter. LSV Asset Management now owns 785,576 shares of the company’s stock valued at $20,197,000 after purchasing an additional 64,300 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Carriage Services by 11.2% in the 2nd quarter. Vanguard Group Inc. now owns 672,941 shares of the company’s stock valued at $18,142,000 after purchasing an additional 67,928 shares during the last quarter. Bank of Montreal Can boosted its stake in Carriage Services by 16.6% during the fourth quarter. Bank of Montreal Can now owns 456,961 shares of the company’s stock worth $11,748,000 after acquiring an additional 65,200 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Carriage Services by 31.2% during the second quarter. Westwood Holdings Group Inc. now owns 386,293 shares of the company’s stock worth $10,414,000 after acquiring an additional 91,800 shares in the last quarter. 89.94% of the stock is currently owned by institutional investors.
Separately, Zacks Investment Research lowered shares of Carriage Services from a “hold” rating to a “sell” rating in a research note on Thursday.
Carriage Services, Inc. (CSV) opened at $25.77 on Friday. The stock has a market cap of $415.66, a price-to-earnings ratio of 25.26, a P/E/G ratio of 0.96 and a beta of 0.82. Carriage Services, Inc. has a 12 month low of $23.15 and a 12 month high of $28.96. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.54 and a current ratio of 0.70.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 1st. Investors of record on Monday, February 12th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Friday, February 9th. Carriage Services’s dividend payout ratio is presently 29.41%.
Carriage Services declared that its Board of Directors has initiated a stock buyback program on Wednesday, October 25th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.
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Carriage Services Profile
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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