Carriage Services, Inc. (NYSE:CSV) President Steven D. Metzger Sells 3,508 Shares

Carriage Services, Inc. (NYSE:CSV) President Steven D. Metzger sold 3,508 shares of the company’s stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $40.09, for a total value of $140,635.72. Following the completion of the transaction, the president now directly owns 81,389 shares of the company’s stock, valued at $3,262,885.01. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Carriage Services Trading Up 1.4 %

Shares of CSV opened at $39.62 on Monday. Carriage Services, Inc. has a 52-week low of $25.05 and a 52-week high of $42.75. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 2.03. The firm’s fifty day moving average is $38.75 and its two-hundred day moving average is $38.72. The stock has a market cap of $620.05 million, a PE ratio of 17.77, a price-to-earnings-growth ratio of 0.97 and a beta of 0.77.

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

Carriage Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Monday, May 5th will be paid a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, May 5th. This represents a $0.45 annualized dividend and a yield of 1.14%. Carriage Services’s dividend payout ratio (DPR) is presently 21.43%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. StockNews.com raised Carriage Services from a “hold” rating to a “buy” rating in a report on Friday. Barrington Research reiterated an “outperform” rating and set a $50.00 price target on shares of Carriage Services in a research report on Friday, February 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System acquired a new position in shares of Carriage Services during the 1st quarter valued at about $48,000. Allspring Global Investments Holdings LLC boosted its position in shares of Carriage Services by 12.1% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 168,079 shares of the company’s stock valued at $6,513,000 after acquiring an additional 18,130 shares during the last quarter. BayBridge Capital Group LLC acquired a new position in shares of Carriage Services during the 1st quarter valued at about $307,000. SG Americas Securities LLC boosted its position in shares of Carriage Services by 172.7% during the 1st quarter. SG Americas Securities LLC now owns 21,934 shares of the company’s stock valued at $850,000 after acquiring an additional 13,892 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Carriage Services by 8,246.2% during the 1st quarter. GAMMA Investing LLC now owns 3,255 shares of the company’s stock valued at $126,000 after acquiring an additional 3,216 shares during the last quarter. Institutional investors and hedge funds 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.