Carriage Services, Inc. (NYSE:CSV) CEO Buys $58,880.00 in Stock

Carriage Services, Inc. (NYSE:CSV) CEO Carlos R. Quezada bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $29.44 per share, with a total value of $58,880.00. Following the transaction, the chief executive officer now owns 60,061 shares in the company, valued at approximately $1,768,195.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Carriage Services Stock Performance

NYSE CSV traded up $0.01 on Friday, hitting $30.01. The stock had a trading volume of 203,142 shares, compared to its average volume of 112,707. The company’s 50-day moving average is $28.57 and its two-hundred day moving average is $26.55. The stock has a market cap of $455.10 million, a price-to-earnings ratio of 14.78, a P/E/G ratio of 0.92 and a beta of 0.92. The company has a quick ratio of 0.57, a current ratio of 0.72 and a debt-to-equity ratio of 2.24. Carriage Services, Inc. has a one year low of $18.06 and a one year high of $35.00.

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 5th will be given a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Monday, August 5th. Carriage Services’s dividend payout ratio is currently 22.17%.

Analyst Ratings Changes

A number of equities analysts have issued reports on CSV shares. Barrington Research reissued an “outperform” rating and issued a $38.00 target price on shares of Carriage Services in a report on Tuesday, May 28th. StockNews.com lowered Carriage Services from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $40.00 target price (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Institutional Trading of Carriage Services

Several hedge funds have recently added to or reduced their stakes in CSV. BNP Paribas Financial Markets grew its stake in shares of Carriage Services by 741.8% in the first quarter. BNP Paribas Financial Markets now owns 87,879 shares of the company’s stock worth $2,376,000 after purchasing an additional 77,439 shares in the last quarter. GSA Capital Partners LLP lifted its holdings in Carriage Services by 202.9% in the first quarter. GSA Capital Partners LLP now owns 51,023 shares of the company’s stock worth $1,380,000 after purchasing an additional 34,178 shares during the period. Harbert Fund Advisors Inc. grew its position in Carriage Services by 31.5% in the 4th quarter. Harbert Fund Advisors Inc. now owns 208,497 shares of the company’s stock valued at $5,215,000 after buying an additional 50,000 shares in the last quarter. Heartland Advisors Inc. increased its stake in Carriage Services by 17.6% during the 4th quarter. Heartland Advisors Inc. now owns 319,046 shares of the company’s stock valued at $7,979,000 after buying an additional 47,646 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Carriage Services during the 1st quarter worth about $1,517,000. Institutional investors own 66.46% of the company’s stock.

Carriage Services Company Profile

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.