Carriage Services, Inc. (NYSE:CSV) Director James Raymond Schenck acquired 1,000 shares of the stock in a transaction on Friday, August 18th. The stock was bought at an average price of $24.25 per share, with a total value of $24,250.00. Following the transaction, the director now directly owns 4,061 shares of the company’s stock, valued at approximately $98,479.25. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Carriage Services, Inc. (CSV) opened at 24.11 on Tuesday. The stock has a market capitalization of $403.12 million, a PE ratio of 20.41 and a beta of 0.92. The stock’s 50 day moving average price is $25.47 and its 200 day moving average price is $26.43. Carriage Services, Inc. has a 1-year low of $22.53 and a 1-year high of $29.11.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, July 26th. The company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.10. The firm had revenue of $63.87 million for the quarter, compared to the consensus estimate of $64.35 million. Carriage Services had a net margin of 8.35% and a return on equity of 15.25%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. On average, equities research analysts predict that Carriage Services, Inc. will post $1.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Monday, August 14th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 10th. Carriage Services’s dividend payout ratio (DPR) is presently 16.95%.

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Several analysts have weighed in on CSV shares. Jefferies Group LLC reiterated a “hold” rating and issued a $82.00 price objective on shares of Carriage Services in a research report on Monday, June 12th. Zacks Investment Research upgraded Carriage Services from a “sell” rating to a “hold” rating in a research report on Friday, April 28th. Finally, BidaskClub cut Carriage Services from a “hold” rating to a “sell” rating in a research note on Friday, July 28th.

A number of large investors have recently modified their holdings of CSV. Legal & General Group Plc raised its stake 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 buying an additional 31 shares during the period. Acrospire Investment Management LLC raised its stake 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 buying an additional 3,800 shares during the period. Baker Ellis Asset Management LLC raised its stake in shares of Carriage Services by 2.5% in the second quarter. Baker Ellis Asset Management LLC now owns 6,150 shares of the company’s stock worth $166,000 after buying an additional 150 shares during the period. Trexquant Investment LP purchased a new stake in shares of Carriage Services during the second quarter worth $202,000. Finally, Alliancebernstein L.P. purchased a new stake in shares of Carriage Services during the second quarter worth $229,000. 86.93% of the stock is owned by institutional investors and hedge funds.

Carriage Services Company Profile

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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