6,306 Shares in Carriage Services, Inc. (NYSE:CSV) Purchased by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in Carriage Services, Inc. (NYSE:CSV) during the third quarter, Holdings Channel.com reports. The institutional investor acquired 6,306 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD raised its position in Carriage Services by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock worth $284,000 after purchasing an additional 746 shares during the period. FinTrust Capital Advisors LLC purchased a new position in shares of Carriage Services during the first quarter worth approximately $27,000. nVerses Capital LLC increased its position in shares of Carriage Services by 550.0% during the second 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. Marshall Wace LLP increased its position in shares of Carriage Services by 3.0% during the second quarter. Marshall Wace LLP now owns 38,414 shares of the company’s stock worth $1,031,000 after acquiring an additional 1,125 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of Carriage Services by 9.2% during the second quarter. AQR Capital Management LLC now owns 15,134 shares of the company’s stock worth $406,000 after acquiring an additional 1,279 shares during the period. 66.46% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed 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.

Insider Activity at Carriage Services

In other Carriage Services news, CEO Carlos R. Quezada acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $29.44 per share, with a total value of $58,880.00. Following the completion of the acquisition, the chief executive officer now directly owns 60,061 shares in the company, valued at $1,768,195.84. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Carriage Services news, VP Shawn R. Phillips sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $29.73, for a total value of $148,650.00. Following the completion of the sale, the vice president now directly owns 97,801 shares in the company, valued at $2,907,623.73. This trade represents 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. Also, CEO Carlos R. Quezada bought 2,000 shares of the stock in a transaction on 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 completion of the purchase, the chief executive officer now owns 60,061 shares of the company’s stock, valued at $1,768,195.84. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 12.10% of the stock is currently owned by corporate insiders.

Carriage Services Stock Performance

Shares of CSV stock opened at $31.95 on Wednesday. The firm has a market cap of $484.52 million, a price-to-earnings ratio of 15.74, a PEG ratio of 0.86 and a beta of 0.94. The company’s 50 day moving average is $32.13 and its 200 day moving average is $28.98. The company has a quick ratio of 0.69, a current ratio of 0.85 and a debt-to-equity ratio of 2.14. Carriage Services, Inc. has a 52-week low of $18.06 and a 52-week high of $35.00.

Carriage Services (NYSE:CSV) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.10. The company had revenue of $102.32 million for the quarter, compared to analyst estimates of $94.40 million. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. On average, sell-side analysts anticipate that Carriage Services, Inc. will post 2.34 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. Investors 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 1.41%. The ex-dividend date of this dividend is Monday, November 4th. Carriage Services’s payout ratio is 22.17%.

Carriage Services 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.