Fenimore Asset Management Inc. Has $8.44 Million Stock Position in Carriage Services, Inc. (NYSE:CSV)

Fenimore Asset Management Inc. lessened its stake in Carriage Services, Inc. (NYSE:CSV) by 3.1% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 444,134 shares of the company’s stock after selling 14,300 shares during the quarter. Fenimore Asset Management Inc. owned 2.44% of Carriage Services worth $8,443,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. National Investment Services Inc. WI purchased a new stake in Carriage Services during the second quarter worth approximately $829,000. First Trust Advisors LP lifted its stake in Carriage Services by 13.3% in the first quarter. First Trust Advisors LP now owns 30,163 shares of the company’s stock valued at $581,000 after buying an additional 3,548 shares during the last quarter. Kennedy Capital Management Inc. lifted its stake in Carriage Services by 31.9% in the first quarter. Kennedy Capital Management Inc. now owns 466,208 shares of the company’s stock valued at $8,975,000 after buying an additional 112,640 shares during the last quarter. Acadian Asset Management LLC acquired a new position in Carriage Services during the first quarter worth $644,000. Finally, Martingale Asset Management L P grew its holdings in Carriage Services by 32.8% in the first quarter. Martingale Asset Management L P now owns 99,508 shares of the company’s stock valued at $1,917,000 after purchasing an additional 24,600 shares during the last quarter. Institutional investors and hedge funds own 77.95% of the company’s stock.

CSV stock opened at $22.00 on Friday. The company has a debt-to-equity ratio of 1.71, a quick ratio of 0.58 and a current ratio of 0.79. Carriage Services, Inc. has a 1 year low of $14.50 and a 1 year high of $24.09. The firm has a market cap of $389.19 million, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.05 and a beta of 0.78. The stock has a 50-day simple moving average of $19.77 and a 200-day simple moving average of $19.56.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Carriage Services had a net margin of 4.08% and a return on equity of 8.54%. The company had revenue of $67.75 million during the quarter, compared to analyst estimates of $66.55 million. On average, equities research analysts predict that Carriage Services, Inc. will post 1.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Monday, August 12th will be issued a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Friday, August 9th. Carriage Services’s dividend payout ratio is presently 25.64%.

Several analysts have recently issued reports on CSV shares. Barrington Research restated a “buy” rating and issued a $26.00 price objective on shares of Carriage Services in a research report on Monday, July 22nd. Zacks Investment Research upgraded Carriage Services from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Wednesday, August 7th. Finally, ValuEngine upgraded Carriage Services from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

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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