Seizert Capital Partners LLC Purchases 29,525 Shares of Carriage Services, Inc. $CSV

Seizert Capital Partners LLC lifted its position in shares of Carriage Services, Inc. (NYSE:CSV) by 55.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 83,039 shares of the company’s stock after buying an additional 29,525 shares during the quarter. Seizert Capital Partners LLC owned about 0.53% of Carriage Services worth $3,699,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Jones Financial Companies Lllp grew its holdings in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after acquiring an additional 868 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Carriage Services during the 3rd quarter valued at about $37,000. Ameritas Investment Partners Inc. lifted its position in shares of Carriage Services by 22.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after acquiring an additional 262 shares during the period. Simplex Trading LLC boosted its stake in Carriage Services by 408.7% during the second quarter. Simplex Trading LLC now owns 1,526 shares of the company’s stock worth $69,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Carriage Services during the second quarter valued at about $71,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Trading Down 0.7%

Shares of Carriage Services stock opened at $43.71 on Tuesday. Carriage Services, Inc. has a 1 year low of $35.51 and a 1 year high of $49.41. The company has a debt-to-equity ratio of 2.23, a current ratio of 0.88 and a quick ratio of 0.75. The stock has a fifty day moving average price of $42.60 and a 200-day moving average price of $44.15. The firm has a market cap of $688.00 million, a PE ratio of 14.05, a P/E/G ratio of 0.85 and a beta of 0.94.

Carriage Services (NYSE:CSV) last announced its earnings results on Wednesday, November 5th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. The business had revenue of $102.74 million during the quarter, compared to analyst estimates of $100.96 million. Carriage Services had a net margin of 11.98% and a return on equity of 21.39%. Carriage Services has set its FY 2025 guidance at 3.250-3.300 EPS. Equities research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Stockholders of record on Monday, February 2nd will be given a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. Carriage Services’s dividend payout ratio is presently 14.47%.

Wall Street Analysts Forecast Growth

CSV has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Raymond James Financial started coverage on Carriage Services in a research report on Wednesday, October 1st. They set an “outperform” rating and a $60.00 target price on the stock. Zacks Research downgraded shares of Carriage Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 6th. Finally, Barrington Research restated an “outperform” rating and set a $60.00 price target on shares of Carriage Services in a research note on Monday, January 5th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $59.00.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.