Kingsview Wealth Management LLC Purchases Shares of 65,526 Carriage Services, Inc. (NYSE:CSV)

Kingsview Wealth Management LLC acquired a new stake in shares of Carriage Services, Inc. (NYSE:CSV) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 65,526 shares of the company’s stock, valued at approximately $2,151,000. Kingsview Wealth Management LLC owned about 0.43% of Carriage Services as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. nVerses Capital LLC lifted its position in shares of Carriage Services by 550.0% in the 2nd quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after acquiring an additional 1,100 shares during the period. Point72 DIFC Ltd lifted its position in Carriage Services by 613.0% in the second quarter. Point72 DIFC Ltd now owns 1,861 shares of the company’s stock worth $50,000 after purchasing an additional 1,600 shares during the period. Perritt Capital Management Inc lifted its position in Carriage Services by 5,001.0% in the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock worth $137,000 after purchasing an additional 5,001 shares during the period. EMC Capital Management acquired a new stake in Carriage Services during the first quarter worth $168,000. Finally, SG Americas Securities LLC bought a new stake in Carriage Services in the 3rd quarter valued at $207,000. Institutional investors own 66.46% of the company’s stock.

Insider Transactions at Carriage Services

In other news, VP Paul Donald Elliott sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the transaction, the vice president now directly owns 34,166 shares in the company, valued at approximately $1,290,791.48. This represents a 12.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.30% of the company’s stock.

Carriage Services Stock Up 3.7 %

CSV opened at $40.65 on Tuesday. The firm has a market cap of $618.69 million, a price-to-earnings ratio of 18.23, a PEG ratio of 1.05 and a beta of 0.91. The company has a debt-to-equity ratio of 2.03, a quick ratio of 0.59 and a current ratio of 0.72. The firm’s 50-day simple moving average is $34.51 and its 200-day simple moving average is $31.08. Carriage Services, Inc. has a twelve month low of $22.05 and a twelve month high of $40.83.

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 the consensus estimate of $0.45 by $0.19. The firm had revenue of $100.69 million for the quarter, compared to analysts’ expectations 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 in the prior year, the firm earned $0.33 earnings per share. Equities research analysts anticipate that Carriage Services, Inc. will post 2.5 EPS for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services’s dividend payout ratio is currently 20.18%.

Analyst Ratings Changes

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

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.