66,600 Shares in Carriage Services, Inc. $CSV Purchased by Manatuck Hill Partners LLC

Manatuck Hill Partners LLC purchased a new stake in Carriage Services, Inc. (NYSE:CSV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 66,600 shares of the company’s stock, valued at approximately $2,553,000. Manatuck Hill Partners LLC owned approximately 0.42% of Carriage Services as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Swedbank AB bought a new position in shares of Carriage Services in the first quarter valued at approximately $3,753,000. Lazard Asset Management LLC grew its holdings in Carriage Services by 94.2% during the first quarter. Lazard Asset Management LLC now owns 68,293 shares of the company’s stock worth $3,118,000 after buying an additional 33,120 shares in the last quarter. De Lisle Partners LLP bought a new stake in Carriage Services during the second quarter worth $9,191,000. Polar Asset Management Partners Inc. purchased a new stake in Carriage Services in the 1st quarter valued at $11,610,000. Finally, JB Capital Partners LP purchased a new stake in shares of Carriage Services in the second quarter valued at about $2,714,598,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CSV shares. Zacks Research cut shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Oppenheimer began coverage on shares of Carriage Services in a research note on Thursday, August 13th. They issued an “outperform” rating and a $48.00 price objective for the company. Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 19th. Roth Capital set a $46.00 target price on Carriage Services in a research note on Friday, August 7th. Finally, Raymond James Financial set a $50.00 target price on Carriage Services in a report on Friday, August 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Carriage Services currently has a consensus rating of “Hold” and an average price target of $51.00.

Carriage Services Price Performance

Shares of NYSE CSV opened at $34.72 on Wednesday. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92. The stock has a fifty day simple moving average of $37.67 and a two-hundred day simple moving average of $41.95. Carriage Services, Inc. has a 1-year low of $33.33 and a 1-year high of $52.10. The firm has a market cap of $550.93 million, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 0.68 and a beta of 0.84.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. The firm had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Analysts anticipate that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 3rd will be paid a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Monday, August 3rd. Carriage Services’s payout ratio is currently 16.13%.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.