65,526 Shares in Carriage Services, Inc. (NYSE:CSV) Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC bought a new stake in shares of Carriage Services, Inc. (NYSE:CSV) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 65,526 shares of the company’s stock, valued at approximately $2,151,000.

Several other hedge funds also recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its holdings in Carriage Services by 201.5% in the second quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock valued at $6,166,000 after buying an additional 153,538 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Carriage Services by 8.2% in the 2nd quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after purchasing an additional 46,700 shares during the period. Deerfield Management Company L.P. Series C boosted its position in shares of Carriage Services by 198.0% in the 2nd quarter. Deerfield Management Company L.P. Series C now owns 53,584 shares of the company’s stock worth $1,438,000 after purchasing an additional 35,605 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services during the third quarter worth $4,310,000. Finally, AXA S.A. bought a new stake in Carriage Services in the second quarter valued at about $932,000. Institutional investors own 66.46% of the company’s stock.

Carriage Services Stock Up 3.7 %

NYSE:CSV opened at $40.65 on Tuesday. Carriage Services, Inc. has a 1 year low of $22.05 and a 1 year high of $40.83. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The stock has a market cap of $618.69 million, a price-to-earnings ratio of 18.23, a PEG ratio of 1.05 and a beta of 0.91. The stock has a 50-day moving average price of $34.51 and a two-hundred day moving average price of $31.08.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. The company had revenue of $100.69 million during the quarter, compared to analysts’ expectations of $93.49 million. During the same quarter in the prior year, the company earned $0.33 earnings per share. As a group, equities analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.11%. The ex-dividend date is Monday, November 4th. Carriage Services’s dividend payout ratio is 20.18%.

Insider Activity

In other news, VP Paul Donald Elliott sold 5,000 shares of Carriage Services stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the sale, the vice president now directly owns 34,166 shares in the company, valued at $1,290,791.48. This trade represents a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 11.30% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CSV. Barrington Research boosted their target price on Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Roth Mkm restated a “buy” rating and set a $40.00 price objective (up previously from $32.00) on shares of Carriage Services in a report on Friday, August 2nd.

About Carriage Services

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.