Insider Buying: Carriage Services, Inc. (NYSE:CSV) Director Acquires $56,800.00 in Stock

Carriage Services, Inc. (NYSE:CSVGet Free Report) Director Charles Fargason purchased 2,000 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were acquired at an average price of $28.40 per share, with a total value of $56,800.00. Following the purchase, the director now owns 18,005 shares in the company, valued at $511,342. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Charles Fargason also recently made the following trade(s):

  • On Tuesday, March 19th, Charles Fargason purchased 6,000 shares of Carriage Services stock. The shares were acquired at an average price of $25.58 per share, with a total value of $153,480.00.

Carriage Services Stock Performance

Shares of CSV opened at $29.15 on Friday. The company has a 50-day simple moving average of $26.01 and a 200-day simple moving average of $25.29. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.24. The company has a market capitalization of $441.91 million, a PE ratio of 14.36, a P/E/G ratio of 0.84 and a beta of 0.92. Carriage Services, Inc. has a 52-week low of $18.06 and a 52-week high of $35.59.

Carriage Services (NYSE:CSVGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.16. The business had revenue of $103.49 million during the quarter, compared to the consensus estimate of $98.17 million. Carriage Services had a net margin of 8.08% and a return on equity of 22.04%. During the same quarter last year, the firm posted $0.56 EPS. Equities research analysts predict that Carriage Services, Inc. will post 2.26 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Shareholders of record on Monday, May 6th were issued a dividend of $0.1125 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.45 annualized dividend and a yield of 1.54%. Carriage Services’s dividend payout ratio (DPR) is currently 22.17%.

Hedge Funds Weigh In On Carriage Services

Several hedge funds have recently added to or reduced their stakes in CSV. FinTrust Capital Advisors LLC purchased a new position in Carriage Services during the 1st quarter valued at about $27,000. Parallel Advisors LLC acquired a new stake in shares of Carriage Services during the 4th quarter worth about $38,000. Tower Research Capital LLC TRC boosted its stake in shares of Carriage Services by 32.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the company’s stock worth $92,000 after purchasing an additional 897 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Carriage Services during the 4th quarter worth about $154,000. Finally, EMC Capital Management acquired a new stake in shares of Carriage Services during the 1st quarter worth about $168,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CSV has been the subject of a number of recent research reports. Barrington Research reiterated an “outperform” rating and set a $38.00 price target on shares of Carriage Services in a research note on Tuesday, May 28th. StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm restated a “buy” rating and set a $32.00 price objective on shares of Carriage Services in a research report on Wednesday, June 5th.

Check Out Our Latest Analysis on CSV

About Carriage Services

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Carriage Services (NYSE:CSV)

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