Carriage Services, Inc. (NYSE:CSV) Director Barry K. Fingerhut bought 1,700 shares of the firm’s stock in a transaction that occurred on Friday, November 30th. The stock was bought at an average price of $16.80 per share, with a total value of $28,560.00. Following the completion of the acquisition, the director now owns 5,942 shares of the company’s stock, valued at approximately $99,825.60. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
NYSE:CSV traded down $0.15 during midday trading on Thursday, reaching $16.51. The company had a trading volume of 1,907 shares, compared to its average volume of 156,732. The firm has a market cap of $316.56 million, a PE ratio of 11.88, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56. Carriage Services, Inc. has a 12-month low of $14.57 and a 12-month high of $28.96. The company has a current ratio of 1.24, a quick ratio of 1.01 and a debt-to-equity ratio of 1.48.
Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, October 31st. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.08). The company had revenue of $64.24 million during the quarter, compared to analysts’ expectations of $64.79 million. Carriage Services had a net margin of 13.91% and a return on equity of 10.80%. Equities analysts forecast that Carriage Services, Inc. will post 1.17 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Investors of record on Tuesday, November 13th were issued a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 9th. This represents a $0.30 dividend on an annualized basis and a yield of 1.82%. Carriage Services’s dividend payout ratio (DPR) is presently 21.58%.
Institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP acquired a new stake in Carriage Services in the second quarter valued at $241,000. Redmond Asset Management LLC acquired a new stake in Carriage Services in the second quarter valued at $634,000. Russell Investments Group Ltd. raised its stake in Carriage Services by 1.3% in the second quarter. Russell Investments Group Ltd. now owns 194,711 shares of the company’s stock valued at $4,780,000 after buying an additional 2,487 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Carriage Services in the second quarter valued at $1,317,000. Finally, Bank of America Corp DE raised 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. Institutional investors own 79.85% of the company’s stock.
A number of research firms recently issued reports on CSV. Zacks Investment Research lowered Carriage Services from a “hold” rating to a “strong sell” rating in a report on Monday, November 5th. ValuEngine lowered Carriage Services from a “sell” rating to a “strong sell” rating in a report on Thursday, November 1st. TheStreet lowered Carriage Services from a “b-” rating to a “c+” rating in a report on Thursday, August 30th. Finally, Barrington Research reiterated an “outperform” rating and issued a $24.00 target price (down from $32.00) on shares of Carriage Services in a report on Thursday, November 1st.
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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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