Mark R. Bruce Sells 3,000 Shares of Carriage Services, Inc. (CSV) Stock

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.

Carriage Services announced that its board has initiated a stock repurchase program on Wednesday, October 25th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

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.

Insider Buying and Selling by Quarter for Carriage Services (NYSE:CSV)

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