Bard Associates Inc. Sells 510 Shares of Carriage Services, Inc. (NYSE:CSV)

Bard Associates Inc. lowered its holdings in Carriage Services, Inc. (NYSE:CSV) by 0.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 111,351 shares of the company’s stock after selling 510 shares during the period. Carriage Services makes up about 1.5% of Bard Associates Inc.’s holdings, making the stock its 15th biggest position. Bard Associates Inc.’s holdings in Carriage Services were worth $4,437,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CSV. FMR LLC boosted its stake in Carriage Services by 46.6% in the 3rd quarter. FMR LLC now owns 852 shares of the company’s stock worth $28,000 after purchasing an additional 271 shares during the period. R Squared Ltd purchased a new stake in shares of Carriage Services in the fourth quarter worth about $65,000. Point72 Asset Management L.P. boosted its position in shares of Carriage Services by 1,074.3% in the third quarter. Point72 Asset Management L.P. now owns 4,697 shares of the company’s stock valued at $154,000 after acquiring an additional 4,297 shares during the period. Verition Fund Management LLC purchased a new position in Carriage Services during the third quarter valued at approximately $204,000. Finally, EMC Capital Management increased its holdings in Carriage Services by 29.5% during the 4th quarter. EMC Capital Management now owns 6,227 shares of the company’s stock worth $248,000 after acquiring an additional 1,419 shares during the period. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Carriage Services Stock Down 1.0 %

Shares of NYSE CSV opened at $39.72 on Tuesday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 2.03. The business has a 50-day moving average of $40.32 and a 200-day moving average of $37.04. The firm has a market capitalization of $604.66 million, a price-to-earnings ratio of 17.81, a PEG ratio of 0.97 and a beta of 0.92. Carriage Services, Inc. has a 12 month low of $23.20 and a 12 month high of $42.75.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, February 26th. The company reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.11. The business had revenue of $97.70 million during the quarter, compared to analysts’ expectations of $96.72 million. Carriage Services had a net margin of 8.57% and a return on equity of 23.52%. During the same quarter in the previous year, the company earned $0.77 EPS. Sell-side analysts expect that Carriage Services, Inc. will post 2.5 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 3rd. Shareholders of record on Monday, February 3rd were given a dividend of $0.1125 per share. The ex-dividend date of this dividend was Monday, February 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.13%. Carriage Services’s payout ratio is 21.43%.

Wall Street Analyst Weigh In

Several research analysts have commented on CSV shares. Barrington Research reissued an “outperform” rating and issued a $50.00 price target on shares of Carriage Services in a report on Friday. StockNews.com upgraded Carriage Services from a “hold” rating to a “buy” rating in a research report on Monday.

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.