Paul Donald Elliott Sells 5,000 Shares of Carriage Services, Inc. (NYSE:CSV) Stock

Carriage Services, Inc. (NYSE:CSV) VP Paul Donald Elliott sold 5,000 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the sale, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Carriage Services Stock Down 1.3 %

Shares of CSV stock opened at $39.31 on Friday. Carriage Services, Inc. has a fifty-two week low of $18.06 and a fifty-two week high of $39.97. The firm has a market capitalization of $597.91 million, a PE ratio of 17.63, a P/E/G ratio of 1.00 and a beta of 0.91. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.69 and a current ratio of 0.72. The stock’s 50-day simple moving average is $33.00 and its 200-day simple moving average is $29.88.

Carriage Services (NYSE:CSV) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. The company had revenue of $100.69 million during the quarter, compared to analyst estimates of $93.49 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same period last year, the firm posted $0.33 EPS. Equities analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current year.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.14%. The ex-dividend date is Monday, November 4th. Carriage Services’s payout ratio is 20.18%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CSV shares. Roth Mkm reaffirmed a “buy” rating and issued a $40.00 price objective (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd. Barrington Research lifted their price objective on shares of Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st.

Hedge Funds Weigh In On Carriage Services

A number of institutional investors have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its holdings in Carriage Services by 201.5% during the second quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock worth $6,166,000 after acquiring an additional 153,538 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Carriage Services during the 3rd quarter worth approximately $4,310,000. BNP Paribas Financial Markets increased its holdings in shares of Carriage Services by 741.8% during the 1st quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock valued at $2,376,000 after purchasing an additional 77,439 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Carriage Services in the 1st quarter valued at $1,517,000. Finally, Renaissance Technologies LLC boosted its holdings in Carriage Services by 8.2% during the second quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock worth $16,547,000 after buying an additional 46,700 shares in the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.