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 firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $37.78, for a total value of $188,900.00. Following the completion of the transaction, the vice president now owns 34,166 shares of the company’s stock, valued at approximately $1,290,791.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Carriage Services Stock Performance

Carriage Services stock traded up $1.80 during mid-day trading on Wednesday, hitting $39.77. The company had a trading volume of 189,962 shares, compared to its average volume of 107,162. The company has a current ratio of 0.85, a quick ratio of 0.69 and a debt-to-equity ratio of 2.14. The company has a market capitalization of $604.86 million, a price-to-earnings ratio of 17.83, a P/E/G ratio of 0.98 and a beta of 0.91. The company’s fifty day moving average is $32.73 and its 200-day moving average is $29.74. Carriage Services, Inc. has a 12-month low of $18.06 and a 12-month high of $39.97.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.19. Carriage Services had a net margin of 8.57% and a return on equity of 24.11%. The business had revenue of $100.69 million during the quarter, compared to the consensus estimate of $93.49 million. During the same quarter in the prior year, the firm posted $0.33 earnings per share. Equities research analysts predict that Carriage Services, Inc. will post 2.5 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.13%. The ex-dividend date is Monday, November 4th. Carriage Services’s payout ratio is 20.18%.

Wall Street Analyst Weigh In

CSV has been the subject of a number of recent research reports. Barrington Research raised their price target on shares of Carriage Services from $39.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Roth Mkm restated a “buy” rating and set a $40.00 target price (up from $32.00) on shares of Carriage Services in a research report on Friday, August 2nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CSV. Renaissance Technologies LLC raised its holdings in shares of Carriage Services by 8.2% during the second quarter. Renaissance Technologies LLC now owns 616,500 shares of the company’s stock valued at $16,547,000 after acquiring an additional 46,700 shares during the last quarter. Heartland Advisors Inc. grew its position in shares of Carriage Services by 7.4% in the first quarter. Heartland Advisors Inc. now owns 342,500 shares of the company’s stock valued at $9,261,000 after purchasing an additional 23,454 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Carriage Services by 201.5% in the second quarter. Assenagon Asset Management S.A. now owns 229,718 shares of the company’s stock valued at $6,166,000 after purchasing an additional 153,538 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Carriage Services by 10.7% during the second quarter. Bank of New York Mellon Corp now owns 141,262 shares of the company’s stock worth $3,791,000 after buying an additional 13,598 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Carriage Services during the third quarter worth $4,310,000. 66.46% of the stock is owned by hedge funds and other institutional investors.

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.