XTX Topco Ltd Takes Position in Carriage Services, Inc. (NYSE:CSV)

XTX Topco Ltd bought a new position in shares of Carriage Services, Inc. (NYSE:CSV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 7,727 shares of the company’s stock, valued at approximately $207,000.

A number of other hedge funds have also added to or reduced their stakes in CSV. FinTrust Capital Advisors LLC acquired a new stake in shares of Carriage Services during the 1st quarter worth approximately $27,000. nVerses Capital LLC grew its holdings in Carriage Services by 550.0% in the second quarter. nVerses Capital LLC now owns 1,300 shares of the company’s stock worth $35,000 after purchasing an additional 1,100 shares during the period. Parallel Advisors LLC bought a new stake in Carriage Services in the fourth quarter valued at $38,000. Perritt Capital Management Inc raised its holdings in shares of Carriage Services by 5,001.0% during the second quarter. Perritt Capital Management Inc now owns 5,101 shares of the company’s stock valued at $137,000 after purchasing an additional 5,001 shares during the period. Finally, Creekmur Asset Management LLC bought a new position in shares of Carriage Services during the 4th quarter worth about $154,000. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Stock Performance

Shares of CSV stock opened at $32.82 on Monday. 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 firm has a fifty day simple moving average of $31.84 and a two-hundred day simple moving average of $28.37. Carriage Services, Inc. has a 12 month low of $18.06 and a 12 month high of $35.00. The firm has a market capitalization of $497.72 million, a PE ratio of 16.17, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, July 31st. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.53 by $0.10. Carriage Services had a net margin of 7.47% and a return on equity of 21.99%. The company had revenue of $102.32 million during the quarter, compared to the consensus estimate of $94.40 million. Analysts forecast that Carriage Services, Inc. will post 2.34 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 5th were issued a $0.1125 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.37%. Carriage Services’s dividend payout ratio is presently 22.17%.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating and set a $40.00 price target (up from $32.00) on shares of Carriage Services in a research note on Friday, August 2nd.

Insider Activity at Carriage Services

In related news, CEO Carlos R. Quezada purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $29.44 per share, with a total value of $58,880.00. Following the transaction, the chief executive officer now owns 60,061 shares of the company’s stock, valued at approximately $1,768,195.84. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Carlos R. Quezada bought 2,000 shares of Carriage Services stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $29.44 per share, for a total transaction of $58,880.00. Following the purchase, the chief executive officer now directly owns 60,061 shares in the company, valued at approximately $1,768,195.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Shawn R. Phillips sold 7,101 shares of the firm’s stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $30.00, for a total transaction of $213,030.00. Following the transaction, the vice president now directly owns 90,700 shares in the company, valued at $2,721,000. The disclosure for this sale can be found here. 12.10% of the stock is owned by insiders.

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.