Carriage Services, Inc. (CSV) Director James Raymond Schenck Buys 1,000 Shares
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%.
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.
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