Carriage Services, Inc. (NYSE:CSV) COO Mark R. Bruce sold 3,000 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $26.40, for a total transaction of $79,200.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Carriage Services, Inc. (CSV) traded down $0.03 during trading hours on Thursday, reaching $26.30. 70,600 shares of the company’s stock were exchanged, compared to its average volume of 98,173. Carriage Services, Inc. has a 12 month low of $23.15 and a 12 month high of $29.11. The stock has a market capitalization of $423.54, a P/E ratio of 19.36, a P/E/G ratio of 1.26 and a beta of 0.95. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.54 and a current ratio of 0.70.
Carriage Services (NYSE:CSV) last released its quarterly earnings data on Wednesday, October 25th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.12). Carriage Services had a return on equity of 13.54% and a net margin of 7.29%. The business had revenue of $61.10 million during the quarter, compared to analyst estimates of $62.86 million. During the same period in the previous year, the company earned $0.43 EPS. Carriage Services’s revenue was up 1.7% on a year-over-year basis. research analysts anticipate that Carriage Services, Inc. will post 1.39 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Monday, November 13th were given a $0.075 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.30 annualized dividend and a dividend yield of 1.14%. This is a positive change from Carriage Services’s previous quarterly dividend of $0.05. Carriage Services’s dividend payout ratio is presently 29.41%.
Separately, Zacks Investment Research raised shares of Carriage Services from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in shares of Carriage Services by 0.8% in the first quarter. Legal & General Group Plc now owns 4,044 shares of the company’s stock worth $110,000 after acquiring an additional 31 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Carriage Services by 820.7% in the second quarter. Acrospire Investment Management LLC now owns 4,263 shares of the company’s stock worth $115,000 after acquiring an additional 3,800 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Carriage Services in the second quarter worth $202,000. Alliancebernstein L.P. acquired a new stake in shares of Carriage Services in the second quarter worth $229,000. Finally, Aperio Group LLC increased its position in shares of Carriage Services by 7.6% in the second quarter. Aperio Group LLC now owns 9,702 shares of the company’s stock worth $262,000 after acquiring an additional 686 shares in the last quarter. 89.55% of the stock is owned by institutional investors.
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About Carriage Services
Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.
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