Insider Selling: Carriage Services, Inc. (NYSE:CSV) VP Sells 5,000 Shares of Stock

Carriage Services, Inc. (NYSE:CSV) VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the completion of the sale, the vice president now directly owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Carriage Services Trading Up 4.7 %

Shares of Carriage Services stock traded up $1.80 on Wednesday, reaching $39.77. The company had a trading volume of 189,962 shares, compared to its average volume of 107,162. The company has a debt-to-equity ratio of 2.14, a quick ratio of 0.69 and a current ratio of 0.85. The firm has a market cap of $604.86 million, a PE ratio of 17.83, a PEG ratio of 0.98 and a beta of 0.91. The firm’s 50 day moving average price is $32.73 and its two-hundred day moving average price is $29.74. Carriage Services, Inc. has a 52-week low of $18.06 and a 52-week high of $39.97.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.45 by $0.19. The business had revenue of $100.69 million during the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a return on equity of 24.11% and a net margin of 8.57%. During the same period last year, the business posted $0.33 earnings per share. Sell-side analysts predict that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $0.45 annualized dividend and a dividend yield of 1.13%. Carriage Services’s dividend payout ratio is presently 20.18%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CSV. Versor Investments LP acquired a new stake in Carriage Services during the 3rd quarter worth approximately $259,000. Principal Financial Group Inc. purchased a new stake in shares of Carriage Services during the third quarter worth $232,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services in the third quarter valued at $4,310,000. SG Americas Securities LLC acquired a new stake in shares of Carriage Services in the third quarter valued at $207,000. Finally, Point72 DIFC Ltd boosted its holdings in Carriage Services by 613.0% in the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock valued at $50,000 after purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 66.46% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Roth Mkm reiterated a “buy” rating and issued a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd. Barrington Research upped their price target on Carriage Services from $39.00 to $45.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st.

Carriage Services Company Profile

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.